Summary:
- The National Development and Reform Commission (NDRC) designated 7 regions for pilot carbon trading programs. They are 5 cities: Beijing, Tianjin, Shanghai, Chongqing, Shenzhen and 2 provinces: Guangdong, Hubei
- Ever since being aware of central government's intention for carbon-emmission trading, many Chinese municipalities rushed to declare their own carbon-trading platforms
- The reason these local governments are urged to embrace carbon trading is most likely to grab the attention from the central government. Something goes like "Look at me~ I like carbon trading. Give me a chance(and some money), I'll do it beter than others"
- The carbon market of China is still underperforming due to these inadequate manners and being unprepared for carbon-trading
- Some good news are that:
- Some of the 7 pilot regions are also in low-carbon development program
- Some provinces and municipalities are already have 2~3 years experience on emmission trading system
- According to a recent report, the carbon tax is going to run with carbon emissions trading.
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