Competing fears over carbon trading rights in provinces

Provinces vie for carbon-emissions trading rights. Although China's mandatory carbon emission standards have not yet been introduced, but more and more provinces and cities bullish on this market, have to build carbon trading platform.　　Following the establishment of a carbon exchange in Beijing, Shanghai, Tianjin and Shenzhen, Guangdong, Jiangxi and Hebei have all expressed hope that a carbon trading platform will be set up during the 35 period. Boqiang, director of China Energy Economics Research Center, Xiamen University, said in an interview with reporters in South China, the 35 period of our country is expected to introduce mandatory carbon emission standards, then if the different provincial standards, can be a number of trading platforms, but if the national reunification, may only need a trading center.　　Michael Wilkins, executive director of the Global Carbon Marketing department, said in a media interview that China had planned to open a mandatory carbon market in Guangdong in 2014. The provinces scramble to build carbon trading platforms more and more provinces and cities want to get a slice of the carbon deal. Jiangxi Province recently said it hoped the government would allow Jiangxi to set up a local carbon trading platform in order to occupy a niche in China's lucrative carbon credit market. Guangdong province also announced earlier this month that it hoped the central government would approve Guangdong's inclusion of a carbon trading platform in its Twelve-Five plan, but did not disclose more details.　　In addition, Sichuan also considered in the next five years to prepare provincial carbon emissions trading plan, Hebei province has similar demand. At present, China has built four carbon emission exchanges, namely the Beijing Environmental Exchange, the Shanghai Environmental Energy Exchange, the Tianjin emissions trading Exchange, and the Shenzhen Emissions Exchange, which was established in October this year, was established in 2008. Boqiang, director of the Center for Energy Economics at Xiamen University, said in an interview with reporters in South China that since the country has not yet launched a mandatory carbon emissions deal, these exchanges are only willing to do carbon emissions trading, trading volumes are very limited and almost no gains.　　There are no real carbon trading projects to be done until national policies such as carbon intensity indicators have been introduced. and provinces and cities in mandatory carbon trading has not yet launched, have to build carbon trading platform, in order to seize the opportunity. Zhang Yijun, Director of sustainable Development Solutions at PricewaterhouseCoopers (Beijing), said the government had been talking about carbon trading, and everyone was trying to consolidate their position in the provinces so that if new things came up, they could seize the opportunity.　　Boqiang, director of China Energy and Economic Research Center of Xiamen University, predicted that China will push ahead with mandatory carbon emissions trading during the "Twelve-Five" period, although the push will be more modest, but the market is certainly huge.　　Is it necessary to build a trade center per province? There are three models of emissions trading. The first is that the government sets a limit on the emission of enterprises according to industry and technology standards, and gives a fine for exceeding the limit, and encourages the lower limit. The second is to set up a state-owned carbon exchange, which is traded on the exchange by the Government for emissions quotas. Third, the establishment of private carbon exchange, that is, enterprises voluntarily set up emission reduction targets and emission reduction time, and then to the exchange for the record, after entering the exchange of voluntary emission reduction targets and plans, automatically become mandatory emission reduction targets. Enterprises above or below the emission reduction targets, can carry outTrading, to take more futures trading. The emission reduction of the enterprise is detected by a recognized third party institution.　　Boqiang that our country will implement should be the second model, that is, the government-led enterprises on the carbon emission targets transactions. However, are all provinces and cities to have a carbon exchange? In this respect, Boqiang said, it depends on the implementation of mandatory carbon emission standards and transactions, is the national reunification or zoned region, or the provinces themselves into one. If the provinces do not restrict their own trading, there is no need for each province to build a carbon exchange. If it is a carbon emission zone or a unified national transaction, as a virtual transaction, there must be a central authority, to be authoritative. Boqiang analysis, to implement mandatory carbon trading, the key is to set control standards for carbon dioxide emissions.　　This control standard may not be exactly the same in each province. The NDRC said it would limit the number of local carbon trading platforms and avoid excessive competition.　　Yang Fuqiang, director of WWF's global climate change response plan, said in a media interview in the future, with the establishment and unification of the mandatory carbon trading market, the 3 larger exchanges, such as the North Exchange, the HKFE and the Shanghai Stock Exchange, may survive only one to two, and the domestic unified market may have only one center.　　Guangdong started mandatory carbon trading in 2014, Michael Wilkins, executive general manager of the global carbon market, said in a media interview that China had planned to open a mandatory carbon trading market in Guangdong in 2014, to make statistics on emissions from large carbon emitters, and to enhance China's domestic greenhouse gas measurement, statistics and verification links. Prior to the Copenhagen conference in 2009, our country announced that it would reduce its carbon dioxide emissions per unit of gross domestic product (DP) by 2020 by 40% per 45% from 2005 levels. Last October, China's National Development and Reform Commission announced 13 Low-carbon pilot areas, including Nanchang, Guangdong Province, Hubei province, Yunnan province and so on. Then, last November, Guangzhou Mayor Wanqingliang suggested that the provincial party committee and the provincial government should make Guangzhou a Low-carbon demonstration city and support the establishment of a carbon exchange in Guangzhou.　　Wanqingliang pointed out that to the 2015, the initial establishment of the control of greenhouse gas emissions market mechanisms and conducive to low-carbon development of the institutional mechanism, the province's GDP carbon dioxide emissions than 2005 a significant decline. Globally, there are already carbon trading markets in Europe, the US and New Zealand, and South Korea and Australia are planning to start a carbon trading mechanism in the next two years, with Japan set to start a mandatory carbon trading mechanism in 2013, but recently shelved because of business group objections. Michael Wilkins, executive director of the Global Carbon marketing department, told the media that the global carbon trading market could be formally formed in 2016.　　He believes that the maturity of the local carbon trading market and its links to similar overseas markets will help China to improve its energy efficiency and transform its economic growth pattern as soon as possible. South Sinling Reporter