Net-zero Emissions by 2060！China’s National Carbon Trading Market Eyes June Debut in Shanghai#Shorts

The Shanghai Environment and Energy Exchange announced Saturday that it has begun trading tests in preparation of China’s first emissions trading system.

According to Lai Xiaoming, chairman of the marketplace, more than 30 companies across the country have said they will ’conduct some real trading tests’, adding that the tests will continue for some time. Scheduled to start operating by the end of June, the scheme will allow companies to reduce their carbon emissions at low cost while forming a reasonable pricing mechanism.

Lai said that the SEEE strives to include as many firms and financial institutions as possible, and will hope to include nearly 2,230 power companies, and gradually expand the scope to other industries that use a lot of energy.

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