China considers CO2 market for buildings
Aangemaakt op: 31 jan 2012China could launch a carbon trading scheme to help cut emissions of greenhouse gases and improve energy efficiency in buildings, the government said on Monday.
A CO2 trading scheme is one of a number of options that will be considered in an effort to meet energy targets for public buildings, said a report by China’s Ministry of Housing and Urban-Rural Development.
Such a market would come in addition to planned pilot schemes in seven cities and provinces that are set to be launched next year.
A ministry official told Point Carbon News that no decision had been made on whether the building scheme would be based on CO2 emissions or energy efficiency standards.
According to China’s five-year plan adopted last year, the ministry is responsible for cutting energy consumption in the building sector by 116 million tonnes of standard coal through 2015.
Such a target is equivalent to cutting emissions by around 200 million tonnes of CO2.
Tightening green building standards, increasing the retrofitting of heating systems and using more renewable energy are among the ministry’s other planned policy measures to reach the target.
For a market mechanism to work for the sector, the ministry will develop measurement and statistical systems to set targets that would account for different temperatures and climates around the vast country, according to the official.
The EU is also considering an intergovernmental carbon market to help it cut building emissions, a leaked working paper showed on Monday.
By Kathy Chen – Kathy.chen@thomsonreuters.com and Stian Reklev – stian.reklev@thomsonreuters.com
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