Skip to comments.China sets up first environmental exchange
Posted on 08/05/2008 1:22:55 PM PDT by NormsRevenge
BEIJING (AFP) - China on Tuesday launched its first environmental exchange in Beijing, aiming to eventually provide a platform for emission quota trading, the parent company and state media said.
The Beijing Environmental Exchange will be a trading platform for environmental protection technology as well as sulfur dioxide and chemical oxygen demand emission permits, the China Beijing Equity Exchange said in a statement on its website.
It is the first environmental equity trading institution in China and will initially focus on environmental technology business, with an aim to finally incorporating carbon emission trading, said Tuesday's Beijing Evening News.
It is also expected to help lift domestic carbon emission quota prices to the international level by providing access to trading information for local sellers, according to the report.
Currently Chinese sellers sell carbon emission quota at between eight and 10 euros (12 to 15 dollars) per tonne, compared to the international level of around 17 euros per tonne, it said.
(Excerpt) Read more at news.yahoo.com ...
I'm liking the direction the 21st Century is going.
Big whoop! You make a trade for carbon offsets and in an hour you gotta do it all over again!..............
They’ll trade all the air in Beijing for half the air over Boise.
How much will they pay me to keep my 5 acres planted full of trees?
How much will they pay me NOT to fly my family to Bali to visit the site of the latest IPCC meeting. I want to fly there. I may even plan to fly there. But if I don't fly there, that's saving the planet and worth something, right?
BTW, I have lots of places I could plan on flying but won't if the price is right.
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