Today, at CECPA in Beijing released details of the research being conducted for China’s Carbon Balance Trading Framework Report. A report that its chairman, Pan Yue, hopes will nudge China on its way towards a Low Carbon Economy, a goal which he describes as a major breakthrough required for China to build an ecological civilisation.
CECPA Press Conference
After carefully looking at the successful experience of leading nations in this field, the project team tasked with this piece of critical research have put forward their recommendation of implementing a “Carbon Source- Carbon Sink” trading system between Chinese provinces. The researchers also suggest that carbon be used as a rigid target for the monitoring, identification and control of economic activity.
