China’s tradable pollution permits to clean air

“China will look into establishing a nationwide trading system for pollution permits as part of efforts to use market mechanisms to help clean up its environment, the country’s top environment official said.

In remarks published on the website of the Ministry of Environmental Protection on Friday, minister Zhou Shengxian said China was working on new regulations for pollution permits and would also publish proposals for new pilot trading projects as soon as possible.

China has vowed to reverse the environmental consequences of three decades of breakneck industrial expansion and clean up its heavily polluted air, water and soil and is hoping to use the market to encourage firms to cut emissions.” Read more https://www.scmp.com/news/china/article/1402249/china-considers-launching-tradable-pollution-permits-campaign-clean-air

REF: South China Morning Post, 2014” China considers launching tradable pollution permits in campaign to clean air” retrieved from https://www.scmp.com/news/china/article/1402249/china-considers-launching-tradable-pollution-permits-campaign-clean-air

Categorised in: Air pollution