China's Changsha city plans to trade dust and CO2
source: http://www.reuters.com/article/environmentNews/idUSPEK27291920080805
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- sustainablejohn
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The city of Changsha, the capital of Hunan province in south-central China, is preparing to launch an emissions trading scheme, its mayor said on Tuesday.
Changsha's plan is a local version of a tentative outline drawn up by the central bank, for a domestic emissions trading scheme that could cover everything from greenhouse gases to water pollutants, and speed China's push for greener growth.
Changsha would assign its local districts quotas for dust, carbon dioxide and chemical oxygen demand (COD), a measure of water pollution, Zhang Jianfei told a news conference.
"We are considering innovations like an emissions trading market," Zhang said, as he listed other pollution-reducing measures like taxation and pricing schemes.
Changsha will assign levels to each district and then fine them if they exceed the level or give incentives if they are under. They could then trade those quotas, Zhang said, estimating the system could be in place as early as next year.
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This may be the first dust trading market in the world! Companies will probably pump water from the local river and spray it on their factory roads to decrease dust. Nevertheless, kudos to the Chinese for getting with it and innovating in the world of pollution!
Changsha's plan is a local version of a tentative outline drawn up by the central bank, for a domestic emissions trading scheme that could cover everything from greenhouse gases to water pollutants, and speed China's push for greener growth.
Changsha would assign its local districts quotas for dust, carbon dioxide and chemical oxygen demand (COD), a measure of water pollution, Zhang Jianfei told a news conference.
"We are considering innovations like an emissions trading market," Zhang said, as he listed other pollution-reducing measures like taxation and pricing schemes.
Changsha will assign levels to each district and then fine them if they exceed the level or give incentives if they are under. They could then trade those quotas, Zhang said, estimating the system could be in place as early as next year.
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This may be the first dust trading market in the world! Companies will probably pump water from the local river and spray it on their factory roads to decrease dust. Nevertheless, kudos to the Chinese for getting with it and innovating in the world of pollution!
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sustainablejohn
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Another story of environmental exchanges being established... this one for "the exchange of technologies for environmental protection, energy conservation and pollution emission reduction, the exchange of index of amount of energy saving, the trade of SO2 and COD discharge rights and information service for greenhouse gas emission reduction."
- 3 years ago
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sustainablejohn
