Paris Agreement And a Greener World.docVIP

Paris Agreement And a Greener World 　　On September 3， 2016， Chinese President Xi Jinping， U.S. President Barack Obama and Secretary-General of the United Nations Ban Ki-moon attend the deposit of instruments of joining the Paris Agreement in Hangzhou. Xi pledged that China， a responsible developing country and an active player in global climate governance， will implement development concepts of innovative， coordinated， green， open and shared growth， advance energy conservation， emission reduction and low-carbon development， and embrace the new era of an ecological civilization. 　　According to the Paris Agreement， China pledged to peak carbon emissions by 2030 and lift the proportion of non-fossil energy in primary energy consumption to 20 percent by the same date. 　　 National Emissions Trading Market 　　In 2012， an authoritative organization estimated that nine stations managed by Hangzhou Public Bicycle Company reduced carbon emissions by 615.55 tons. The company sold its emissions savings for 21，000 yuan on the Beijing Environmental Exchange. Hangzhou Public Bicycle Company became the first of its kind in China to participate in emissions trading （“cap and trade”）. After the deal， the company’s trading partner， a company selling healthcare products， could affix on its products a carbon reduction label so they could be sold in overseas markets. 　　In emissions trading， an entity needing to emit a large amount of carbon can purchase the right to emit more and an entity that does not produce emissions can trade or sell its right to emit carbon to other entities. The trade makes the right to emit carbon a commodity and reduces emissions overall. At present， China has set up seven pilot carbon trading markets in cities including Beijing， Tianjin and Shanghai. 　　Recently， China announced the establishment of a national carbon trading market in 2017. According to the National Development and Reform Commission of China， the market will cover 2 to 3 billion tons of