BEIJING Jan 13 China has ordered seven
provinces and cities to set caps on greenhouse gas emissions in
preparation for the launch of local pilot carbon markets,
according to a notice issued by the country's state planning
agency on Friday.
The National Development and Reform Commission requested the
cities of Beijing, Tianjin, Shanghai, Chongqing and Shenzhen,
along with the provinces of Hubei and Guangdong, to set "overall
emissions control targets" and submit proposals as to how the
targets will be allocated.
The provinces and cities have also been ordered to set up a
dedicated fund to support the project and to draw up
comprehensive implementation programmes, the notice said.
An implementation plan drawn up by Guangdong, China's
biggest CO2-emitting province, has already been approved by the
State Council, the country's cabinet.
It commits the province to increasing the share of
non-fossil fuels to 20 percent of total energy consumption by
2015, and to cutting the amount of carbon dioxide produced per
unit of economic growth -- carbon intensity -- by 19.5 percent.
China as a whole has pledged to reduce carbon intensity by
17 percent over the 2011-2015 period, and said it is committed
to using "market mechanisms" in order to reach the target.
It aims to bring 2005 levels of carbon intensity down 40-45
percent by 2020.
Besides the seven official pilot projects, there are more
than 100 entities across the country trying to establish their
own regional CO2 emissions trading platforms, including the
coal-rich province of Shaanxi and the northeast port city of
(Reporting by David Stanway; Editing by Ken Wills)