Carbon scheme gains in popularity
By Lyu Chang | China Daily | Updated: 2014-12-24 07:32
China's electricity generators, which account for 40 percent of the country's carbon emissions, are stepping up their efforts at improving energy efficiency and emission reduction through a market-driven, pilot carbon trading system.
Wang Zhixuan, secretary-general of China Electricity Council, told a carbon-trading summit in Beijing that in the past electricity companies have largely adopted a "wait-and-see" approach to the practice.
But now some of them are actively increasing their involvement in the carbon-trading market, as changes to the regulatory landscape and demand for cleaner power sources force them to follow a different path of growth.
Photo