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Tianjin Climate Exchange
Tianjin Climate Exchange (TCX) is a domestic carbon market cap-and-trade scheme exchange (organized market), exchange. Jeff Huang is assistant chairman of Tianjin Climate Exchange and vice-president of Chicago Climate Exchange. It is China's first integrated exchange for trading of environmental financial instruments TCX is a joint venture between Chicago Climate Exchange, the municipal government of Tianjin and the asset management division (business), unit of PetroChina, the country's largest oil and gas producer. Cap-and-trade schemes are programs under which member companies commit to lowering their greenhouse gas emissions by a certain amount in a certain period of time and trade carbon credits generated by this. As China does not have a national cap on emissions, any such scheme would be voluntary, similar to the situation in the US when the Chicago Climate Exchange launched in 2003. History On September 25, 2008, Tianjin Climate Exchange, co-established by CNPC Assets Manag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Market
Emission trading Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission t ... (ETS) for carbon dioxide (CO2) and other greenhouse gases (GHG) is a form of carbon price, carbon pricing; also known as cap and trade (CAT) or carbon pricing. It is an approach to Climate change mitigation, limit climate change by creating a market with limited allowances for emissions. This can lower competitiveness of fossil fuels and accelerate investments into Low-carbon power, low carbon sources of energy such as wind power and photovoltaics. Fossil fuels are the main driver for climate change. They account for 89% of all CO2 emissions and 68% of all GHG emissions. Emissions trading works by setting a quantitative total limit on the emissions produced by all participating emitters. As a result, the pric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tianjin Binhai New Area
Binhai, officially known as Binhai New Area (), is a sub-provincial district and state-level new area within the jurisdiction of Tianjin Municipality in the People's Republic of China. Binhai is intended to replicate development seen in Shenzhen and Pudong in Shanghai. Geography Binhai is located on the west coast of the Bohai Sea and east of Tianjin's main urban area. It is a part of the Bohai Economic Rim. It has an area of , a coastline of , and contains of water and wetlands. Natural resources Binhai New Area has of water and wetlands and a further of wasteland that is being re-developed into saline land. It has proven oil resources totalling more than 100 million tons, and 193.7 billion cubic meters (6.84 trillion cubic feet) of natural gas. Administrative divisions There are 19 subdistricts and 7 towns in the district: * Defunct ** Now part of Tanggu: Yujiapu Subdistrict, Xingang Subdistrict, Xincun Subdistrict north ** Now part of Hangzhou Street: Xiangya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Sandor
Richard L. Sandor is an American businessman, economist, and entrepreneur. He is chairman and CEO of the American Financial Exchange (AFX) established in 2015, which is an electronic exchange for direct interbank/financial institution lending and borrowing. The AFX flagship product, the AMERIBOR benchmark index, reflects the actual borrowing costs of thousands of regional and community banks across the U.S. and is one of the short-term borrowing rates, along with the Secured Overnight Financing Rate, vying to replace U.S. dollar Libor as a benchmark in the U.S. Sandor is chairman and CEO of Environmental Financial Products LLC, which specializes in inventing, designing and developing new financial markets with a special emphasis on investment advisory services. He is widely recognized as the "father of financial futures" for his pioneering work in developing the first interest rate futures contract in the 1970s, when he served as chief economist and vice president of the Chicago B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing Environmental Exchange
China Beijing Environmental Exchange (CBEEX) is a corporate domestic and international environmental equity public trading platform initiated by the China Beijing Equity Exchange (CBEX) and authorized by the Beijing municipal government. Background Climate Crisis A lot of environmental policies proposed by China come in response to the dangerous amount of emissions, especially from Carbon dioxide, their main greenhouse gas emitter. In 1980, China emitted less than 1.5 gigatons ( Gt) of Carbon dioxide per capita from fossil fuels. Over the next 20 years, in conjunction with the economic reforms under Deng Xiaoping's rule, CO2 emissions rose by about 4% each year to around 3 Gts. per capita. From 2000 to 2012, the CO2 emissions rate more than doubled, and China started emitting over 9 Gts. per capita each year. While the rate slowed down over the next few years due to changes in the economy and some climate reform, emissions once again shot up to keep up with the demand for Ai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clean Development Mechanism
The Clean Development Mechanism (CDM) is a United Nations-run carbon offset scheme allowing countries to fund greenhouse gas emissions-reducing projects in other countries and claim the saved emissions as part of their own efforts to meet international emissions targets. It is one of the three Flexible Mechanisms defined in the Kyoto Protocol. The CDM, defined in Article 12 of the Protocol, was intended to meet two objectives: (1) to assist non-Annex I countries (predominantly developing nations) achieve sustainable development and reduce their carbon footprints; and (2) to assist Annex I countries (predominantly industrialized nations) in achieving compliance with their emissions reduction commitments (greenhouse gas emission caps). The CDM addressed the second objective by allowing the Annex I countries to meet part of their emission reduction commitments under the Kyoto Protocol by buying Certified Emission Reduction units from CDM emission reduction projects in developin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emissions Trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet polic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SASAC
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs. , its companies had a combined assets of CN¥194 trillion ( US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the one of the largest economic entities in the world. Central SOEs SASAC currently oversees 97 centrally owned companies. Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC compani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eleventh Five-Year Plan (People's Republic Of China)
The Five-Year Plans () are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and national congresses. The party plays a leading role in establishing the foundations and principles of Chinese communism, mapping strategies for economic development, setting growth targets, and launching reforms. Planning is a key characteristic of the nominally socialist economies, and one plan established for the entire country normally contains detailed economic development guidelines for all its regions. In order to more accurately reflect China's transition from a Soviet-style command economy to a socialist market economy ( socialism with Chinese characteristics), the plans since the 11th Five-Year Plan for 2006 to 2010 have been referred to in Chinese as "guidelines" () instead of as "plans" (). China's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenhouse Gas Emissions
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and large oil and gas companies, many state-owned by OPEC and Russia. Human-caused emissions have increased atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but it was consistent among all greenhouse gases (GHG). Emissions in the 2010s averaged 56 billion tons a year, higher than ever before. Electricity generation and transport are major emitters; the largest single source, according to the United States Environmental Protection Agency, is transportation, accounting for 27% of all USA greenhouse gas emissions. Deforestation and other changes in land use also emit carbon dioxide and methane. The largest source of anthropogenic methane emissions is agriculture, closely follow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cap-and-trade
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PetroChina
PetroChina Company Limited () is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer and was China's second biggest oil producer in 2006. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007,Analysts express optimism about Chinese shares (Xinhuanet.com, with source from ''Shanghai Daily'') and subsequently entered the constituent of . In the 2020 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
