South China Province Plans to Set Up International Carbon Trading Center

What’s new: The Hainan provincial government is expected to launch an international carbon emissions trading exchange in the beach holiday destination city of Sanya in the second half this year, local state-run newspaper the Hainan Daily reported.

The announcement was made during a meeting held Friday by the local financial supervision bureau of Hainan province. The exchange, whose establishment was recently approved by the bureau, is a key step in implementing China’s green development strategy, the report said.