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Beijing to Add 120 Firms to Expand Carbon Trading, Reuters Says

Aug. 21 (Bloomberg) -- Beijing, which runs one of China’s seven carbon-trading exchanges, will add 120 participants including public-transport companies, Reuters reported, citing a government document.

Beijing Mass Transit Railway Operation Corp. and Beijing MTR Corp., which operate the Beijing subway, and Beijing Capital International Airport Co. are among new entrants, Reuters said. Beijing’s carbon exchange included 490 companies for compliance in 2013.

The new participants, which will receive emission allowances in September for 2014, also include China Development Bank and China Everbright Bank, as well as universities and data centers, the report said.

Mei Dewen, general manager of Beijing Environment Exchange, declined to comment to Bloomberg News. The Beijing Municipal Commission of Development and Reform didn’t immediately reply to a fax.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Mike Anderson, Alex Devine

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