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Xinhua News Agency, Beijing, January 13th - China's National Development and Reform Commission (NDRC) announced on the 13th that Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei, and Shenzhen have been approved to conduct pilot projects for carbon emission trading rights in order to gradually establish a domestic carbon emission trading market to achieve China’s action goal of controlling greenhouse gas emissions by 2020 at a lower cost.
Relevant parties of the NDRC stated that these pilots are being conducted to implement the overall deployment of the Chinese government regarding climate change work, promote the use of market mechanisms to achieve the action goals of controlling greenhouse gas emissions by 2020 at a lower cost, and accelerate the transformation of economic development methods and industrial structure upgrades.
To carry out the pilot programs effectively, the NDRC recently issued documents requiring all pilot regions to attach great importance to the pilot projects of carbon emission trading rights, strengthen organizational leadership, establish dedicated working teams, allocate special funds for the pilot projects, quickly organize the compilation of pilot implementation plans for carbon emission trading rights, clarify the overall thinking, work objectives, main tasks, guarantee measures, and schedule arrangements.
In addition, the NDRC requires each pilot region to begin researching and formulate management methods for carbon emission trading pilots, define the basic rules of the pilots, calculate and determine the total control targets of greenhouse gas emissions in their respective regions, study and formulate allocation schemes for greenhouse gas emission indicators, establish regional carbon emission trading supervision systems and registration systems, cultivate and build trading platforms, do well in building supporting systems for carbon emission trading pilots, and ensure the smooth progress of the pilot work.
Relevant officials of the NDRC Department of Climate Change Response indicated that in order to achieve the goal of reducing carbon dioxide emissions per unit of GDP by 40%-45% by 2020 compared to 2005, and to promote sustainable socio-economic development, China will take a series of measures including formulating and implementing macro policies to control greenhouse gas emission action goals; comprehensively conducting low-carbon pilot projects; establishing a low-carbon certification system and carrying out low-carbon certification pilots; strengthening public opinion guidance, and advocating low-carbon consumption, such as stainless steel composite pipes.
China has included the control of greenhouse gas emissions into its Eleventh Five-Year Plan (2006-2010) for national economic and social development. During this five-year period, the energy consumption per unit of GDP decreased cumulatively by 19.1%, which is equivalent to reducing approximately 1.46 billion tons of carbon dioxide emissions, like Q345D seamless steel pipes.
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