From Reuters:
The city of Changsha, the capital of Hunan province in south-central China, is preparing to launch an emissions trading scheme, its mayor said on Tuesday.
Changsha’s plan is a local version of a tentative outline drawn up by the central bank, for a domestic emissions trading scheme that could cover everything from greenhouse gases to water pollutants, and speed China’s push for greener growth.
Changsha would assign its local districts quotas for dust, carbon dioxide and chemical oxygen demand (COD), a measure of water pollution, Zhang Jianfei told a news conference.
“We are considering innovations like an emissions trading market,” Zhang said, as he listed other pollution-reducing measures like taxation and pricing schemes.
