Carbon Emissions Quota Scheme Develops Future Plastics Industry Plan

According to the plan, in 2015, Guangdong Province's controlled enterprises include 20,000 tons of carbon dioxide (or annual comprehensive energy consumption of 10,000 tons of standard coal) and above in the four provinces of power, steel, petrochemicals and cement in the province (excluding Shenzhen). A total of 186 companies. Guangdong is the first to explore the inclusion of new projects in carbon emissions management. This part of the project enterprise is newly built (including the national and provincial related plans and is expected to be completed and put into operation in 2015-2016 and is expected to emit 20,000 tons of carbon dioxide per year (or annual comprehensive energy consumption of 10,000 tons of standard coal) and above. There are 31 project enterprises in the expansion and reconstruction project.

According to reports, the combination of partial and paid distribution of carbon allowances is a feature of the Guangdong carbon market. Recently, Guangdong Carbon Trading closed in 2014, and all controlled enterprises achieved 100% compliance for the first time. It is reported that the Guangdong Provincial Development and Reform Commission will also organize key enterprises in the ceramic, textile, nonferrous, plastics, paper, transportation, construction and other industries to report historical carbon emissions information and study and formulate quota allocation plans.