Mongabay: China has unveiled details of its first pilot carbon-trading program, which will begin next month in the southern city of Shenzhen.
The trading scheme will cover 638 companies responsible for 38% of the city's total emissions, the Shenzhen branch of the powerful National Development and Reform Commission (NDRC) announced on Wednesday. The scheme will eventually expand to include transportation, manufacturing and construction companies.
Shenzhen is one of seven designated areas in which the...