Preview

Introduction of Shanghai Environment & Energy Exchange and Shanghai Ets Pilot

Satisfactory Essays
Open Document
Open Document
273 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Introduction of Shanghai Environment & Energy Exchange and Shanghai Ets Pilot
Introduction of Shanghai Environment & Energy Exchange and Shanghai ETS Pilot

Start of SEEE:2008
Reform of SEEE:SEEE has become Co. Ltd. after structural reform .
Total capital 250 million RMB.
The biggest carbon exchange in China.
Structure of Shareholders:Introduced 10 state-owned enterprises and institutions as shareholders. They are also great stakeholders in ETS.

Until the end of January 2012: SEEE has listed 465 projects Total amount 33.6 billion RMB Successfully trading 7.8 billion RMB Membership:
SEEE has 115 membership companies,related with environmental technologies、energy saving、investment、consulting、new energy、the third entities、finance、media and so on.

International cooperation: Durban Conference (COP17) Carbon Offset Flight of UNFCCC staff to Durban has produced emissions Carbon offset -- CERs from a fuel-switch CDM project in South Africa SEEE supported the buyer by the offsets

Project research — Domestic cooperation:
National 973 Project
Sub-project of “Key issues in coping with climate change”: study on voluntary carbon market, study on international carbon market
Shanghai Development and Reform Committee
Study ETS pilot in Shanghai
Study on carbon trading system in Shanghai
Study on 2005 GHG inventory
Study on energy-savings trading system in Shanghai
Shanghai Quality Supervision Bureau
Strategy of exporting enterprises on coping with carbon tariffs
Shanghai Environment Protection Bureau
Pilot of allowance (pollutants) trading in Shanghai Project research — International cooperation
British SPF — SH ETS pilot
US Energy Fund — SH ETS Regulation
ADB— Study on Roadmap of Shanghai carbon finance development

Carbon Accounting:
More than 70 enterprises have conducted carbon accounting with SEEE since 2011
Industries in medical equipment, building, electrical, electronic materials, etc
Set up MRV system for Shanghai ETS

You May Also Find These Documents Helpful

  • Better Essays

    According to the case, the carbon-tax and a cap-and-trade system are the best economic tool to employ to reduce emissions. As we know, taxes are the most important expense for a company or firm, if they would emit much more carbon dioxide and other gases, they need to pay more taxes on using carbon recourses. It is stated (Bubna-Litic & Chalifour 2012) that ‘One of the defining features of carbon taxes is that they generate a relatively clear and predictable stream of revenue’. The revenue can be used in many different ways and a key issue is how that revenue is used. For instance, the tax expenditures are aimed at improving energy efficiency and this policy has a regulatory goal of addressing climate change that including gases emission. However, cap-and-trade is also leads to prove the efficiency due to the firms are free to trade. Cleetus (2011) argued that carbon prices adjust in keeping with general economic conditions automatically, and price volatility that could lead to greater uncertainty for business investment decisions. It is also mentioned that a transparent carbon market with good regulation and access to emission and trading data for participants. In a word, carbon taxes focus on taxable regulation for firms and cap-and-trade system concentrate on the monitor of carbon usage and the emission trading.…

    • 1294 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    One impact of the globalised scenario for 2025 is an increased demand and supply of resources for emerging BRIC nations. As products become cheaper to make for TNC's, this allows companies such as Primark to charge its consumers in the developed world a lower price, which increases consumer demand for Primark’s products. This high demand puts pressure on its Indian manufacture to produce a great amount of supply to meet the needs of its consumer base in the UK .Consequently, workers have to work longer hours in factories, leading to a higher consumption of non-renewable resources. In effect, this could lead to an increase in climate change for the planet. This is because the continuous use of non-renewable resources to meet high demand from Superpowers, means that more carbon emissions will be emitted into the atmosphere. However, it also makes it harder for IGO's to help superpowers mitigate the impacts of climate change.…

    • 534 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Stern, Nicolas, “The Economics of Climate Change: The Stern Review”, Cambridge University Press, Cambridge, UK, 2007, Executive Summary, pp. i-xxvii.…

    • 2083 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    The Australian government has announced that it will price carbon by introducing a carbon tax from July 1st 2012 with a view to transforming the policy to a market-based emissions trading scheme in three to five years time from its introduction (Gillard, 2010). The tax will begin as a fixed price of $23 per tonne of CO2. The government also has its plan to reduce Australia’s emissions to 5 per cent below 2000 levels by 2020 as the voluntary target in the absence of a logical…

    • 2211 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    • Should we emphasize “thresholds or limits” (350 ppm CO2, for example) • Process vs. Policy • What is the image of “success”? Where does policy or social change come from? Different models… • Global governance and state policy-­‐making (institutionalism) • Markets and technology (individual choice, substitution and innovation) • Social power (local praxis, collective action and fairness) What are the costs of climate change • Costs of mitigation à weaning ourselves off of GHGs – fossil fuels. • What about just 2% of global GDP?…

    • 7330 Words
    • 249 Pages
    Powerful Essays
  • Better Essays

    Mitigation efforts such as reducing climate change, involve reducing the atmospheric concentration of heat-trapping GHG’s. Reducing the use and source of these gases can do this. The economic approach to mitigating climate change provides economic cues and incentives for the business sector…

    • 1081 Words
    • 5 Pages
    Better Essays
  • Good Essays

    “A Climate Repair Manual” by Gary Stix is about the debate of global warming. The ramifications of not initiating programs to stem the problem is “the most scientific and technical challenge that humanity has ever faced”. Stix addresses the issue of international governments needing to work together to attain “restructuring of the world’s energy economy”. Stix goes on to give various possible low-carbon energy alternatives, such as “biofuels, solar, hydrogen, and nuclear” and that inaction far out weighs “the feared economic damage” that nations face.…

    • 409 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    According to the writer, as the “world's two biggest polluters” the agreement between the U.S and China represent a major step toward addressing climate change.The writer reports that climate change is a global issue that need the coordinated effort of countries around the world. The writer also includes a speech by His Holiness Pope Francis, who said that "Climate change is a global problem with grave implications." This article is important to my research paper as it provides up to date information on the status of measures taken by countries in the effort to fight global…

    • 993 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Global Warming Synthesis

    • 296 Words
    • 2 Pages

    In modern society, global warming is one of the most serious problems causing unrest all over the world. Global warming has been blamed for a host of recent worldwide issues, such as an increase in the number and severity of hurricanes, higher temperatures and droughts, and various other environmental changes. Thus, countermeasures to cope with the aggravating global warming are urgent questions in the present day. To deal with the problem of global warming, many nations and organizations are making policies and implementing them in various fields. But there are some key issues that leaders should consider when making policies to solve global warming; the practicality and morality of the policies.…

    • 296 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    For instance, temperatures at upper ocean have increased from 1971 to 2010, Greenland and the Antarctic have decreased in extension, and the atmospheric concentrations of CO2 have risen by 40% since the pre-industrial period. Second, climate change has also caused ethical issues that are necessary to consider in policy-making. Currently, effects of climate change have challenged distributional fairness and environmental justice. Although international laws state that no nation has the right to harm others as mean of achieving economic health, GHG emissions have caused a global damage, specially to the least involucrate (Brown, 2004). In fact, developed countries have produced most of the GHG emissions, affecting mainly countries that slightly contribute to the problem and are the most vulnerable to weather changes (Brown, 2004). Thus, policies should encourage a common but differentiated responsibility since emission levels differ greatly and its reduction will be uneven if equity is not considered (Brown, 2004). Finally, scientific knowledge and ethical issues on climate change have fostered political actions through the development of regulations and agreements. On a national level, governments…

    • 2041 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Nowadays, China is experiencing a rapid economic growth. By following the end of the eleventh National People 's Congress of People’s Republic of China recently, China is emphasizing to develop seven new strategic industries with the release of the Twelfth Five-Year Program. As China is achieving a low carbon economy, thus one of the new strategic industry, new energy is essential to the success of achieving the goal. Biomass energy is one of the new energy which generates electricity and biodiesel by burning agricultural straw, fruit, wood and animals waste (1). The following will be the analysis of Macro-environments for the China Light and Power Company Limited to enter the China market, and suggestions will be given at the end of the analysis.…

    • 1907 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Contain Our Climate

    • 813 Words
    • 4 Pages

    Although there are economists who may argue that global climate change has little impact on our economy today, there is strong evidence that ignorance on this topic will lead to a financial hole in the long run. In order to gain awareness on this stagnant approach, Frank Ackerman and Jonathan M. Harris analyze economic climate change in their articles. Some of these topics regarding economic climate change include the monetary impact that climate change will have on future generations, the impact on the economy after climate change damage and the history of policies that have been made in response to economic climate change. Once these points have been clearly assessed and explained, the next step is to ponder possible solutions to prevent these scenarios from happening.…

    • 813 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Global warming and climate change is a current topic of interests and the stress of the consequences if something is not done affects many of the world’s population. This has resulted in people changing behaviour to reduce green house…

    • 2048 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Air Pollution In China

    • 1956 Words
    • 8 Pages

    In China, coal is still a major source of energy; approximately 75% of all energy sources. Therefore, air pollution in China is predominately col smoke. With increase populations in large cities air pollution has transformed from conventional coal combustion to the mixed coal combustion/motor vehicle emission type. Currently the amount of inhale particles are a concern. PM levels in northern cities of China are higher than those in the south. In 2004, Chinese cities annual average PM levels were almost twice as much as the worldwide average.…

    • 1956 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Global warming has become a major issue discussed over Medias and governments all over the world today. It is a problem that threatens the whole world because of the destructive impacts it can have on us humans and to the environment. Global warming is not a new phenomenon. It is often referred to as the gradual rise of the earths near surface temperature as a result of increased emissions of greenhouse gases from human activities. The green house gases are carbon dioxide, methane, nitrogen, ozone and water vapor, they act as a blanket that traps enough heat from the sun to warm the earth. This is the green house effect as it is essential to life, for without it the earth would be so cold and would be uninhabitable. If not enough are in the air then the earth would become cold, but if too many gases are released into the air, then we have the problem of things heating up. The releasing of green house gases by humans slowly warm the earth, potentially changing the world 's climate pattern causing sea levels to rise and more disastrous effects. Now that the causes and effects of global warming are known, there can be strategies done to minimize its causes and effects. To achieve this countries and individuals have to work together to fight global warming, agreements made at the Kyoto Protocol is to minimize burning of fossil fuels in world leading countries of greenhouse gas emission including the United States and China.…

    • 1201 Words
    • 3 Pages
    Good Essays