Guangdong plans to build a national carbon emissions trading exchange

Recently, Guangdong issued the first low carbon development annual report, "Guangdong Low Carbon Development Report 2010".
The report disclosed that Guangdong will formulate a "low-carbon development plan for the 12th Five-Year Plan" and strive to reduce the carbon dioxide emissions per unit of GDP by 35 percent from 2005 to 2015. By 2020, carbon dioxide emissions per unit of GDP will fall by more than 45 percent from 2005.
A few months ago, the Guangdong Provincial Development and Reform Commission drafted the "Guangdong Province to carry out a pilot program for the implementation of national low-carbon provinces," reported to the National Development and Reform Commission. The plan has already proposed that Guangdong should establish and improve carbon emission rights exchanges, and continue to study the mechanism of carbon emission trading systems, including determining the allocation of carbon emission rights, proposing indicator tasks and decomposition plans for controlling greenhouse gas emissions, and promoting the establishment of carbon emissions. Power exchanges, thus forming a market mechanism for controlling greenhouse gas emissions.
At present, China has established four carbon emission exchanges, including the Beijing Environment Exchange, the Shanghai Environmental Energy Exchange and the Tianjin Emissions Exchange, which were established in 2008, and Shenzhen Emissions Exchange, which was established in October 2010.

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