国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Independent supervision urged of carbon market

By Lan Lan (China Daily) Updated: 2012-10-23 09:56

A climate change organization on Monday suggested Chinese policymakers establish a national regulatory commission for the country's fledging carbon market, noting that current plans call for setting up a national market within the decade.

To drum up the financing needed to contend with climate change, seven emissions trading systems are being tested out in China.

The National Development and Reform Commission, China's top economic planner, is now in charge of the systems, but an independent national regulatory commission will be needed when the market becomes more developed, said Wu Changhua, the Greater China director of the Climate Group, a non-governmental organization.

She called for a third-party supervisor to be established, noting the potential importance of China's carbon market.

Yet, she also said the task can be undertaken by an existing government supervision agency, such as the China Banking Regulatory Commission.

Climate financing is a fairly new idea. Because it will play an important role in China's attempts to cope with climate change, the government should regard climate financing as a national strategy, according to research conducted by the NGO and the research center for climate and energy finance under the China University of Finance and Economics.

The research suggested that China should set up a national climate change fund to support projects that are meant to reduce the harm caused by climate change and establish monitoring and assessment mechanisms for climate funds.

It also strongly suggested that the Ministry of Finance set up a special budget item for climate change, noting that budgetary money has been dispersed widely among various items. That has hindered efforts to concentrate resources on projects dealing with climate change, Wu said.

The regulatory commission should manage most capital arrangements relating to climate change, it said.

The central government invested more than 220 billion yuan ($34.9 billion) in energy savings, emissions reduction and the development of new energy sources between 2005 and 2010.

Tang Maoheng, chief product specialist at the corporate banking unit of the Bank of China Ltd, said private capital has already played an important role in China's new energy industries, such as the wind and solar industries, partly because of "green credits", which are another financing mechanism used in China to contend with climate change.

Wu said climate finance is an issue of international importance and is also essential for China to establish its own climate finance policies and management systems.

lanlan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
宜川县| 福建省| 缙云县| 蒙城县| 龙口市| 东台市| 饶阳县| 比如县| 广东省| 尤溪县| 阿克苏市| 工布江达县| 泽州县| 安康市| 赤壁市| 普兰店市| 礼泉县| 郸城县| 平定县| 饶平县| 望都县| 方城县| 米泉市| 偃师市| 昂仁县| 通化市| 通山县| 民和| 文昌市| 积石山| 逊克县| 扶绥县| 玉屏| 郯城县| 垫江县| 静海县| 峡江县| 广安市| 高阳县| 台安县| 舒城县|