Sino-German Cooperation
on Biodiversity, Climate and Environment
On behalf of International Climate Initiative (IKI)

Nanshan district of Shenzhen pays companies for saved CO2 permits

May 24, 2018 – The council in Nanshan district in the city of Shenzhen has extended a funding scheme for local emitters, paying them if emission allowances remain unused. The emitters receive funding of up to 300.000 yuan (ca. 40.000 Euro) based on how many certificates are not used when complying with the city’s pilot emissions trading scheme. The goal of the program, which will enter its third year, is to stimulate CO2 emission reductions. Nanshan has spent a total of 40 million yuan (ca. 5.2 million Euro) on CO2 mitigation and energy efficiency last year.

Source: http://www.szns.gov.cn/xxgk/bmxxgk/qqyfzfwzx/xxgk/zcfg/zcfgjgfxwj/201805/t20180516_11914068.htm

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CAO Yun

Advisor
Sino-German Cooperation on Climate Change (SGCCC)
yun.cao@giz.de
Ms. Cao facilitates policy exchange between German and Chinese governments and coordinates work streams on south-south-north cooperation, climate legislation and finance to support China in strengthening its climate governance system. Besides, she supports the development of new projects. She studied at Humboldt University of Berlin, Free University of Berlin and Technical University of Munich, having extensive research experiences on climate and energy policies in China and Germany. Before joining GIZ, she worked at the German Institute for Economic Research (DIW Berlin) for many years.