Chinese national carbon trading scheme
Encyclopedia
The Chinese national carbon trading scheme was announced in November 2008 by the national government
to enforce a compulsory carbon trading
scheme across the country's provinces
as part of its strategy to create a "low carbon civilisation
".
The scheme would allow provinces to earn money by investing in carbon capture systems
in those regions that fail to invest in the technology .
Central government
A central government also known as a national government, union government and in federal states, the federal government, is the government at the level of the nation-state. The structure of central governments varies from institution to institution...
to enforce a compulsory carbon trading
Carbon trading
Carbon trading may refer to:*Carbon emission trading*Personal carbon trading*Emissions trading...
scheme across the country's provinces
Province (China)
A province, in the context of Chinese government, is a translation of sheng formally provincial level divisions, which is an administrative division. Provinces, municipalities, autonomous regions, and the special administrative regions, make up the four types of province of administrative division...
as part of its strategy to create a "low carbon civilisation
Low-carbon economy
A Low-Carbon Economy or Low-Fossil-Fuel Economy is an economy that has a minimal output of greenhouse gas emissions into the environment biosphere, but specifically refers to the greenhouse gas carbon dioxide...
".
The scheme would allow provinces to earn money by investing in carbon capture systems
Carbon capture and storage
Carbon capture and storage , alternatively referred to as carbon capture and sequestration, is a technology to prevent large quantities of from being released into the atmosphere from the use of fossil fuel in power generation and other industries. It is often regarded as a means of mitigating...
in those regions that fail to invest in the technology .
See also
- Clean Development MechanismClean Development MechanismThe Clean Development Mechanism is one of the "flexibility" mechanisms defined in the Kyoto Protocol . It is defined in Article 12 of the Protocol, and is intended to meet two objectives: to assist parties not included in Annex I in achieving sustainable development and in contributing to the...
(CDM), United Nations - Personal carbon tradingPersonal carbon tradingPersonal carbon trading is a general term referring to a number of proposed emissions trading schemes under which emissions credits are allocated to adult individuals on a equal per capita basis, within national carbon budgets. Individuals then surrender these credits when buying fuel or electricity...
- Politics of global warmingPolitics of global warmingThe politics of global warming have involved corporate lobbying, funding of special interest groups and public relations campaigns by the oil and coal industries which have affected policy decisions and legislation worldwide...