Climate Connect News, 22 June 2012, London: As an effort to long-term emission reduction, China’s Shanghai Environment and Energy Exchange said the domestic voluntary reductions of greenhouse gas trading Interim Measures, "has been officially promulgated", which is an important step of China's carbon trading system and market-building.
Lam Kin, CEO of Shanghai Central Exchange said about the Interim Measures for the introduction of the "voluntary greenhouse gas emissions trading" explicitly including the trading venues, the new methodology to apply for the qualification of the program, as well as validation and certification body certification process to solve the problem of a lack of domestic voluntary market credit system.
It is understood that after the promulgation of the Interim Measures for the trading Central Exchange also completed a single voluntary emissions trading that is a carbon neutral project, zero carbon building design through the Shanghai Central Exchange platform to buy Yuan (Beijing) Carbon Asset Management Ltd. in Heilongjiang Huanan and it would reduce 2,000 tons of carbon emission.
Stakeholders said that domestic institutions are exploring a new path to advocate for corporate and individual low-carbon behavior through voluntary emissions trading. Hence the promulgation of the Interim Measures "for voluntary reductions of greenhouse gas trading will be a good market response in favor of domestic carbon The pilot and carry out voluntary emissions trading.
Author: Climate Connect Newsdesk