Shenzhen Carbon Trading Open to Foreign InvestorsPosted: 09/11/2014 8:00 am
Shenzhen will open its emissions trading exchange to foreign investors, making it the first of its kind in China, reports China Daily.
While not yet official, the policy was announced on the China Emissions Exchange website as being approved by the State Administration on Foreign Exchange.
The announcement makes Viruse Group, a multi-national energy company, the first foreign company to invest in Chinese carbon trading.
Shenzhen is one of seven pilot programs that began carbon trading last year, and may serve as a model for a wide-scale national initiative.
Shenzhen’s carbon trading is the most valuable in the nation, worth an excess of RMB 100 million (US $16 million) as of July of this year.