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China Daily Global / 2021-05 / 25 / Page008 Carbon trading trials gain traction in China By SHI JING and XING YI in Shanghai | China Daily Global | Updated: 2021-05-25 00:00 Trial runs of China s national-level carbon emission trading system have been conducted to ensure the system s successful launch in late June, officials said. More than 30 companies have participated in the carbon emission trading trials for nearly a week, said Lai Xiaoming, chairman of the Shanghai Environment and Energy Exchange, during a forum on Saturday. The test runs, which use real capital, will last for some more weeks, he said. According to the interim rules for carbon emission trading released on Jan 5, the system will place a cap on the total amount of allowed carbon emissions. A registered company needs one unit of quota for each metric ton of carbon emissions. It can buy such quotas with other companies

Zhang xiliangLi gaoLai xiaomingInstitute for energyChina hubei emission exchangeEconomy of tsinghua universityChina environment federationInclusive development of theEuropean unionCommittee of greenEnergy exchangeMinistry of ecologyShanghai environmentRyan leiInclusive developmentAll china environment federation