SHANGHAI TO LAUNCH NATIONAL PILOT FOR CARBON TRADING SCHEME

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August 18, 2012

SHANGHAI - About 200 local companies will participate in a pilot carbon-trading programme in Shanghai when it starts next year, as part of efforts to clean up the environment with a market-based approach rather than prescriptive command and control regulation. Shanghai is one of seven provinces and municipalities chosen by the National Development and Reform Commission (NDRC) in November to set up carbon trade markets in a trial programme from 2013 to 2015.