Guangdong launches carbon trading program

Provincial initiative will limit CO2 emissions from 202 companies

The government of Guangdong, the largest provincial economy in China, issued a program on the first batch of carbon permits on Tuesday, paving the way for the launch of their trading before the end of this year.

The program caps carbon dioxide emissions from 202 companies in power, iron and steel, petrochemical and cement industries at 350 million metric tons annually, according to the provincial development and reform commission.