Environmental Engineering Reference
In-Depth Information
On August 5, 2010, Gansu Jintai Electric Power Co., Ltd. and Mercuria Energy
Trading Co., Ltd. held “Signing Ceremony of Emission Reduction Purchase Agreement
on Jinkouba 28 MW Hydropower CMD Project”. This is the first unilateral CMD
project concluded within exchange in China.
On March 29, 2011, Franshion Properties (China) Limited successfully purchased
16,800 t of “Panda Standard” VERs from CBEEX. The trading parties are both
Chinese enterprises and the accounting adopts native standard, which is the first time
for developing countries.
On June 26, 2011, CBEEX released the first list for enterprise ranking by
voluntary emission reduction of GHG, i.e. the List of Chinese VER Enterprise in
2010. This rank list sets up a true disclosure system for VER field and has become
the indicator for both domestic and overseas institutions to practice VER and
perform social responsibility.
On March 28, 2012, Xie Zhenhua, deputy director of NDRC, and Guo Jinlong,
Mayor of Beijing, jointly launched the electronic platform for the carbon emission
trading of Beijing at the launch ceremony of Beijing Carbon Emission Trading
Trials. This is the first system of its kind after the NDRC designated seven
provinces and municipalities for carbon emission trading pilot since October 2011.
On January 8, 2013, CBEEX received reply from the NDRC and became one
member of the first batch of exchanges in the
InterimMeasures for the Administration
of Voluntary Greenhouse Gas Emission Reduction Transactions.
7.4.3 Shanghai Environmental Energy Exchange
Shanghai Environmental Energy Exchange, approved by the People's Government
of Shanghai and established on August 5, 2008, is an international trading platform
of environmental and energy rights.
Shanghai Environmental Energy Exchange launched the construction of the
“Green World Expo” VER trading mechanism and platform. During the period of
the World Expo, visitors willing to offset their carbon footprint generated by travel
could purchase emission credits via the platform.
In addition, Shanghai Environmental Energy Exchange introduced the world's
first low-carbon transportation card “World Expo Green-Commuting and Low-
carbon Transportation Card” on April 22, 2010. The Exchange released China's
Standard for Voluntary Carbon Emission Reduction
, which is the first complete
standard for VER system independently developed by China, referring to interna-
tional rules on October 19, 2010.
On January 8, 2013, Shanghai Environmental Energy Exchange received reply
from the NDRC and became one member of the first batch of exchanges filed in the
Interim Measures for the Administration of Voluntary Greenhouse Gas Emission
Reduction Transactions.
