Up to now, the number of trading emission rights has increased by 1,073 projects, with trading volume reached 218 million yuan. The number of enterprises buying the initial emission rights has been 917, with the amount of compensation fund of 363 million yuan. Emission rights trading totaled 581 million yuan.
Information from Jiaxing Environmental Protection Bureau shows that in the near future an on-line emission rights trading platform will be launched, and an emission rights trading software will be developed to support environmental work of total pollution control, emission permits and the law enforcement in Jiaxing in the near future.
As a result, the separate systems of emission rights trading for the municipality and county-level cities will be incorporated to one and the same on-line trading platform so as to timely make publicized the information of the demand, supply, the trading and price change of emission rights.
In September 2007, Jiaxing took the lead in establishing emission rights trading system with total amount of emission in control and became a national pilot city in driving enterprises to reduce emissions with a market and price mechanism. Since the pilot work and with the compensation for use of new emission quota as a breakthrough, great efforts have been made to take innovative measures of compensation for the use of initial emission rights, emission rights loans and auction, and COD emission quota leasing.
The pilot of emission rights trading has been expanded from one area to the whole city and from its management to multi-level financial loans for it.
"In the next stage, great efforts will be made to draw up market rules for trading ammonia and nitrogen oxides emission rights so as to constantly improve the system of compensation for the use of emission rights and trading mechanism." said one official of Jiaxing Environmental Protection Bureau.
