Shanghai to trial personal carbon accounts
8 Jul 2022
CHINA is trying to tap the emissions reduction potential of personal consumption, and package such reductions as a class of carbon asset to be incorporated into the country’s growing carbon market.
A new local green finance regulation in Shanghai’s Pudong New District says the city will explore the establishment of personal carbon accounts for local residents. These would allow them to save carbon credits earned for low-carbon behaviour, such as garbage sorting and electricity saving, with the potential to exchange for favourable financial products and services.
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