GreenChinaTech.com - Business Intelligence on Energy & Environmental Technology Innovation in China
  • Home
  • About Us
  • Contact Us
  • Subscribe
  • 中文


China's First Carbon Reduction Deal Reached In Beijing

11 August 2009 by GreenChinaTech.com Editor

China's first voluntary carbon emission deal has been reached at the China-Beijing Environmental Exchange.

Tianping Auto Insurance from Shanghai has purchased the 8,026 tons of carbon reduction index accrued during the Green Driving period of the 2008 Beijing Olympic Games for CNY277,600. And by doing so, TAI has become the first Chinese company to voluntarily purchased carbon emission for carbon neutrality.

The Green Driving carbon reduction initiative was launched in 2008 by the China Association for NGO Cooperation and Environmental Defense from the United States. Verified by the Institute of Transportation Engineering of Tsinghua University, the initiative was joined by round 100 companies and undertakings as well as over 80,000 ordinary citizens during the driving limiting period and reduced carbon dioxide emissions by 8,895.06 tons. The amount of carbon dioxide was later confirmed by CBEE and formally listed for transaction in December 2008, hence becoming the first voluntary carbon reduction item publicly licensed in China.

Mei Dewen, the general manager of CBEE, stated that more than 30 million tons of carbon has been transacted in the past year via the platform which now has such famous Chinese companies as China National Offshore Oil Company, China Guodian, and China Everbright as shareholders.

Related Posts

  • China's First Ecological Compensation Trade LicensedChina's First Ecological Compensation Trade Licensed
  • Beijing Power Plant Works With American Firm To Reduce EmissionsBeijing Power Plant Works With American Firm To Reduce Emissions
  • Beijing Government Applies IBM's Cloud Computing To Solve Smog ProblemBeijing Government Applies IBM's Cloud Computing To Solve Smog Problem
  • Qihoo 360, TCL Team To Launch Chinese Smart Air PurifierQihoo 360, TCL Team To Launch Chinese Smart Air Purifier
  • Free Electric Car Charging Stations Bring Tesla Hope In ChinaFree Electric Car Charging Stations Bring Tesla Hope In China
  • American Software Company Seeks LEED Certification In BeijingAmerican Software Company Seeks LEED Certification In Beijing
  • Honeywell UOP Partners With CNPC On Bio-fuels In ChinaHoneywell UOP Partners With CNPC On Bio-fuels In China
  • SAIC Invests CNY6 Billion In R&D On New Energy VehiclesSAIC Invests CNY6 Billion In R&D On New Energy Vehicles
  • Zonda Group To Expand New Energy Vehicle Base In BeijingZonda Group To Expand New Energy Vehicle Base In Beijing
  • Suez Environment Signs Cooperation Agreement With Chongqing Energy GroupSuez Environment Signs Cooperation Agreement With Chongqing Energy Group

Find more stories about: Beijing, carbon reduction, carbon trading, China Everbright, China Guodian, China National Offshore Oil Company, emission, Energy & Cleantech, Environmental Exchange





Related Posts

  • China’s First Ecological Compensation Trade LicensedChina’s First Ecological Compensation Trade Licensed
  • Beijing Power Plant Works With American Firm To Reduce EmissionsBeijing Power Plant Works With American Firm To Reduce Emissions
  • Beijing Government Applies IBM’s Cloud Computing To Solve Smog ProblemBeijing Government Applies IBM’s Cloud Computing To Solve Smog Problem
  • Qihoo 360, TCL Team To Launch Chinese Smart Air PurifierQihoo 360, TCL Team To Launch Chinese Smart Air Purifier
  • Free Electric Car Charging Stations Bring Tesla Hope In ChinaFree Electric Car Charging Stations Bring Tesla Hope In China
  • American Software Company Seeks LEED Certification In BeijingAmerican Software Company Seeks LEED Certification In Beijing
  • Honeywell UOP Partners With CNPC On Bio-fuels In ChinaHoneywell UOP Partners With CNPC On Bio-fuels In China
  • SAIC Invests CNY6 Billion In R&D On New Energy VehiclesSAIC Invests CNY6 Billion In R&D On New Energy Vehicles
  • Zonda Group To Expand New Energy Vehicle Base In BeijingZonda Group To Expand New Energy Vehicle Base In Beijing
  • Suez Environment Signs Cooperation Agreement With Chongqing Energy GroupSuez Environment Signs Cooperation Agreement With Chongqing Energy Group






Logging In...

Profile cancel

Sign in with Twitter Sign in with Facebook
or

Not published




Get Our Email Newsletter

Email:



Upcoming Tech Events



Other China News


ChinaWirelessNews.com:

China's Mobile Phone Shipments Decrease 7.4%

Huawei Plans USA Splash In Early 2018

ZTE, JD Form Strategic Partnership For Marketing

Xiaomi To Build East China Headquarters In Nanjing


ChinaTechNews.com:

Metaari Reports Massive Surge in Global Edtech Investment in 2020

Eurasia Group Publishes Top Risks for 2021

Kortek announces settlement and patent license agreement with SDI Technologies Inc.

DHgate Selling Premium Wholesale Accessories Apart from Scooters


ChinaRetailNews.com:


Visit these other China sites: ChinaWirelessNews.com | ChinaTechNews.com | TechSecurityChina.com | China Sourcing News

©Copyright 2008-2021 GreenChinaTech.com. A service of Asia Media Network.   Contact Us | About Us | Terms & Conditions | Corrections and Disclosure | Privacy Policy Get the GreenChinaTech.com RSS/XML Feed