China's eighth environment exchange opens

08:09, June 03, 2010      

Email | Print | Subscribe | Comments | Forum 

The first environment equities exchange in northeast China -- the eighth nationwide -- opened Wednesday.

The exchange in Dalian, a coastal city in Liaoning Province, provided a platform to help develop a low-carbon economy, said Zhang Jun, Deputy Mayor of Dalian.

It mainly served as an international market to trade environmental technologies, pollutant emissions, energy performance contracts and carbon dioxide emissions, based on the government-certified emission standards, said Wang Weidong, chairman of the exchange.

It was a platform for buyers and sellers with environmental trade needs,based purely on supply and demand as with a property rights exchange, and hopefully would see its first transactions within the month, said Wang.

Beijing, Shanghai, Tianjin, Hebei, Yunnan, Shanxi and Hubei have operated similar exchanges since August 2008.

The international carbon emissions trade has witnessed a rapid growth over the past five years. It surged 31 percent year on year to 48 billion tonnes in 2008, seven times more than the volume in 2005.

However, the environment trade market in China was challenged by low public recognition and unformed pricing systems, said Dr. Zhang Xingwen, of Dalian University of Technology.

Environment exchanges would help China establish relevant policies and industry standards for a mature market and have a say in forming carbon trade pricing, he said.

Source:Xinhua

(Editor:梁军)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion