China Beijing Environment Exchange

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China Beijing Environment Exchange
CBEEX.jpg
Founded 2007
Headquarters Beijing
Key People Peng Zhiyuan, general operating director
Products Clean Development Mechanism credits, carbon
Website www.cbeex.com

China Beijing Environment Exchange (CBEEX) was created in November 2007 as China's first emissions market which covers more than 12 chemicals.[1]

The exchange was authorized by the Beijing Municipal Government and initiated by the China Beijing Equity Exchange (CBEX).[2]


History

The exchange partnered with BlueNext in June 2009 to offer CERs through that exchange.

Background

The General Work Plan for Energy Conservation and Pollutant Discharge Reduction, issued by the State Council, pointed out that by 2010, China's per ten-thousand GDP energy consumption should be reduced to less than 1 ton standard coal from 1.22 tons standard coal in 2005, a reduction of about 20 percent; water consumption per unit added value of industry should be reduced by 30 percent. By the end of the 11th Five-Year Plan, the total discharge of main pollutants should be reduced by 10 percent.[3]


Products and Services

The exchange plans to list:

  • SO2 emissions
  • COD (Chemical Oxygen Demand) emissions trading
  • CO2 emissions
  • CERs


Key People

References

  1. Beijing to launch 1st emission credit trading exchange. HKTDC.
  2. AboutUs. China Beijing Environment Exchange.
  3. Press Release. Xinhua-PRNewswire/ Reuters.