Emitters in the Chinese city of Shenzhen may choose to relocate as the city introduces a cap-and-trade program to limit greenhouse gases.
Companies may go elsewhere as the cost of their carbon emissions cuts profitability, Ge Xing’an, vice president at the Shenzhen Emission Exchange, said yesterday at a conference in Hong Kong. Ge predicts the fallout from businesses leaving would be offset by new companies that can benefit as emitters try to reduce greenhouse gases linked to climate change.
