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Project Contract “Advancing Shanghai Carbon Market Through Emissions Trading Scheme” signed between SCII and ADB

Sino Carbon Innovation Investment has signed “Advancing Shanghai Carbon Market Through Emissions Trading Scheme” project (hereafter referred to as “the project”) contract with Asian Development Bank (ADB) on Mar. 2013. This project is one of the three projects focusing on China carbon emission trading pilot construction supported by ADB, and also the second contract between SCII and ADB after the “Study on Beijing Green Finance Development Strategy” project signed in 2011.

The project will analyze the financial impact to key sectors of Shanghai ETS, summarize the sector-specific benchmarking methods and experience on carbon finance product innovation. The main objective of the project is to provide policy recommendations and advices for Shanghai Government and to promote the development of the carbon market in Shanghai. With the carbon emission trading system formally launching in 2013, the achievement of the project will strongly support the operation and improvement of carbon emission trading pilot in China.