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SinoCarbon Awarded EuropeAid Project: ETS Capacity Building in China

Sinocarbon Innovation & Investment Co. Ltd,  joining a consortium led by ICF, a global leading consulting company, has recently been awarded by the European Commission a ?5 million  EuropeAid project, Supporting the Design and Implementation of Emissions Trading Systems in China. The objective of the project will be to serve as expert and trusted advisor to enhance the comprehensive capacity of the full range of stakeholders, including national and local policy makers, currently responsible for designing and implementing China’s emerging national and local pilot GHG emission trading systems. The project starts as of Jan. 20, 2014, and will last for three years. The government of China has chosen market based instrument as important policy tool to promote its low carbon green development strategy. In 2013, 5 pilot GHG emission trading systems in Beijing, Shanghai, Tianjin, Shenzhen and Guangdong had been officially launched. A unified national GHG carbon market is under planning and are expected to emerge in the late 13th Five Year Plan period.