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Chinese power firm's emissions trading reaps millions

2013-03-04 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Xinhua: A Chinese power generating firm that uses coal-bed methane as materials announced on Friday that it received 278 million yuan (44 million U.S. dollars) in 2012 through participating in an emissions trading scheme that forms part of the Kyoto Protocol. The Shanxi Jincheng Anthracite Mining Group (JAMG), based in China's largest coal-producing province of Shanxi, generated 1.4 billion kilowatt hours of electricity last year with natural methane gas extracted from coal beds, according to the company....

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