In recent years, climate protection and low carbon economic transformation have become the core working
objectives of the Chinese government. The Chinese government has targeted to reduce CO2 emissions from per
unit GDP in 2020 by 40-45% compared with 2005, and has selected 7 pilots for carbon emissions trading. As one of the pilots, Shenzhen first officially launched its Carbon Emissions Trading Scheme in June 2013. Currently integrated sectors include energy, manufacturing and architecture. Given high energy consumption intensity of transportation, Shenzhen Municipal People’s Government has determined to integrate public transportation into carbon emissions trading system first and will gradually cover other mobile emission sources once successful experiences are gained.
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