Shanghai: Reasonably determine the total amount of carbon emission quotas, and reserve development space for strategic emerging industries and future industries.
Recently, the General Office of the Shanghai Municipal People's Government issued the "Action Plan for Comprehensive Deepening of Shanghai's Carbon Market Reform". The "Action Plan" proposes to establish a sound quota management system. Reasonably determine the total carbon emission quota, establish a sound reserve quota control mechanism. Establish a carbon emission quota distribution system that is in line with the dual control system of total carbon emissions and intensity, implement quota control for industries with relatively stable carbon emissions, and reserve development space for strategic emerging industries and future industries.
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