博客 Blog

UK firms trade £400m of carbon credit with China

Leading private sector companies in the UK claimed to have joined the battle against climate change on Monday, with a groundbreaking deal worth up to £400 million (US$749 million) to buy 29.5 million tonnes of carbon credits from China.
The deal will allow a Chinese chemical company to construct a special system for eliminating super greenhouse gas, HFC 23. It in turn will sell carbon permits to companies such as Centrica, owner of British Gas, allowing it to meet its carbon reduction targets while continuing with its current rate of emissions.

The 29.5 million tonnes is the equivalent of more than one year's annual greenhouse gas emissions for one third of Britain's households, but the reduction in China's emissions will be spread over six years.

Now more than ever…

chinadialogue is at the heart of the battle for truth on climate change and its challenges at this critical time.

Our readers are valued by us and now, for the first time, we are asking for your support to help maintain the rigorous, honest reporting and analysis on climate change that you value in a 'post-truth' era.

Support chinadialogue

发表评论 Post a comment

评论通过管理员审核后翻译成中文或英文。 最大字符 1200。

Comments are translated into either Chinese or English after being moderated. Maximum characters 1200.

评论 comments