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China to Move Closer to Starting National Carbon Market

  • NDRC submits plan to State Council to begin trading market
  • Plan could be announced as early as next week at Bonn talks
China, the world’s biggest carbon emitter, pledged in 2015 to start a carbon market this year to help it cap emissions by about 2030.

China, the world’s biggest carbon emitter, pledged in 2015 to start a carbon market this year to help it cap emissions by about 2030.

Photographer: Natalie Behring/Bloomberg
Updated on

Shanghai Zhixin Electric Co. surged in Shanghai, leading gains in carbon-related stocks after China’s top economic planning agency was said to submit a plan to the State Council to start a national trading system.

Shanghai Zhixin, a Chinese electric-equipment maker and carbon-asset management company, jumped by the daily limit of 10 percent, the most in more than two years, to 7.27 yuan. Centre Testing International Group Co., which provides auditing services on carbon emissions, jumped as much as 5.3 percent in Shenzhen. Datang Huayin Electric Power Co., a shareholder of Shenzhen-based China Emissions Exchange, a local carbon-trading platform, gained as much as 2.6 percent in Shanghai.