BUSINESS South China's Shenzhen sets carbon emission levels as industry entry standard

BUSINESS

South China's Shenzhen sets carbon emission levels as industry entry standard

Global Times

13:27, June 30, 2021

Aerial photo taken on Sept. 17, 2020 shows the Houhai area in Nanshan District of Shenzhen, south China's Guangdong Province. (Photo: Xinhua)

Government of Shenzhen in South China's Guangdong Province approved a regulation aiming local environment protection, which set carbon emission volume as the industry's entry standard, Shenzhen Special Zone Daily reported on Wednesday.

The regulation, approved on Tuesday, was China's first local official regulation that covers all phases of the environment protection process and will be effective starting September 1, 2021.

The regulation mandates the Shenzhen government to design a specific plan for carbon emission peak and achieving carbon neutrality, including accelerating enterprises' reform to low-carbon emission. Carbon emission volume should be set as industry entry standard and a monitor mechanism will also be set.

Shenzhen's annual carbon dioxide emission is estimated to reach 30 million tons. The Shenzhen government was also requested to build option trading market of carbon emission volume, to restrict a total carbon emission volume of all enterprises.

The regulation also vowed to enhance information disclosure relating carbon emission.

Shenzhen has already implemented various environment protection policies addressing air, water and land use, the report noted.

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