Carbon Emission Future Exchange in Guangzhou and Guangdong-Hong Kong-Macau Greater Bay Area


The Guangzhou-Hong Kong-Macau Greater Bay Area Development Plan issued on Feb.18th indicates that cities in the Greater Bay Area will be taking different responsibilities for the economic and financial development in the area. As one of the major cities in the Bay Area, Guangzhou will be setting up an experimental zone for studying emission trading as future goods.

The Development Plan also pointed out that low-carbon and emission reduction are the two key objectives for Guangzhou to develop its Green Finance Scheme. Guangzhou has started its own construction of Emission Exchange since 2011. Through years Guangzhou has fulfilled multiple emission trading while also began to research the feasibility of trading emission as future goods. The Development Plan will accelerate the construction of emission trading scheme at Guangzhou by securing crucial resources for the city.