Jan 29, 2019 06:15 PM

Opinion: China’s Carbon Pricing System Could Become Reference Point for World

Photo: IC
Photo: IC

On Aug. 8, 2008, thousands of people were in Beijing for the landmark Olympic Games. Not me. I was heading to China for an entirely different landmark: the public announcement of the Tianjin Climate Exchange (TCX), China’s first carbon market pilot program, a joint venture I helped spearhead with the China Asset Management Corp. of PetroChina and the city of Tianjin as a joint venture with the Chicago Climate Exchange (CCX), the world’s first integrated cap-and-trade system, founded by eminent economist Richard L. Sandor, well known in China for his work in financial innovation and known worldwide as “the father of financial futures.”

Register to read this article for free.
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.