Sandel: Will help China set up climate exchange

January 21 Morning News Sandor, chairman and founder of the Chicago Climate exchange, said in the Asian Financial Forum that air and water would become the world's largest commodity in the next wave of economic tide, and would help China set up a climate exchange to meet its target of 45% per Twelve-Five reduction in carbon emissions. Sandel pointed out that the carbon trading is not a future commodity, but the current commodity, currently on the European exchange, the daily volume of 4000-10000 units, the United States has similar transactions, including greenhouse gases such as sulfur, carbon dioxide and other trading.　　The Chicago Climate Exchange is working with Tianjin, China, to establish a Tianjin climate exchange. In his view, China will develop the Chinese concept of the emission market in order to facilitate the "Twelve-Five" period to achieve the goal of cutting carbon emissions 45%, improve the lives of Chinese people. (Peng from Hong Kong)