With the approval of the State Council, the National Development and Reform Commission recently prints and issues the Construction Program on National Carbon Emissions Trading Market (Power Generation Industry). This marks the completion of the overall design of China's carbon emissions trading system which has been officially launched.
According to Construction Program on National Carbon Emissions Trading Market (Power Generation Industry), power generation industry (including cogeneration) should take the lead in launching national carbon emissions trading system. This Program expressly states that the ultimate goal of building a carbon market lies in establishment of carbon market with clear ownership, strict protection, smooth circulation, efficient supervision, transparency and openness, promote the transformation and upgrading of enterprises, and achieve the goal of controlling greenhouse gas emissions. In the future, three steps will be taken so as to gradually advance the construction of carbon market.
(Source: People's Daily)