Sanya to establish Hainan’s 1st carbon emissions trading center

The two-day 12th World Alliance for Low Carbon Cities (WALCC) Assembly and Low-Carbon City Development World Forum kicked off on May 18th, 2017 in Sanya.

The forum is organized in collaboration with the Shenzhen Graduate School of Government at Tsinghua University, Social Capital Cooperation Research Center; the Tsinghua-Berkley TBSI Low-carbon Economy and Financial Risk Analysis Laboratory; the People’s Government of Sanya; the China-Britain Business Council; and the Shenzhen Emissions Exchange (CERX).

A strategic cooperation was reached among the People’s Government of Sanya, the Shenzhen Emissions Exchange (CERX), and the World Alliance for Low Carbon Cities (WALCC). The three parties will carry out in-depth cooperation on the construction of China’s national carbon emissions trading market capacity, the establishment of Hainan’s first carbon emissions trading center in Sanya and other businesses to build Sanya into a regional center for carbon trading, carbon finance, and carbon market service system.

The main forum focused on “One Belt One Road and Low Carbon Innovation’, attended by all global experts of low carbon including NDRC; Graduate School at Shenzhen, Tsinghua University; China-Britain Business Council; Hainan Public Diplomacy Fund; University of Edinburgh, etc.

The mayor forum discussed PPP financing mode innovation and share successful PPP case experience among dozens of world mayors, a world top 500 enterprises, well-known central enterprises and low carbon specialists.

Three big sub-forums covering hotspots related to the development project and direction of low carbon industry were held, including carbon assets and carbon trading, ecological health tourism and medical care for the aged, renewable energy and circular economy.

The forum also featured the inaugural presentation of the annual award recognizing cities in the field of low-carbon development. Sanya, together with China’s Fuzhou, UK’s Edinburgh and Finland’s Espoo, were awarded the title of ”annual sustainable low-carbon city”.

“We hope that through the hosting of this forum, Sanya will benefit from world’s leading low-carbon technologies and projects and bring new ideas to Sanya’s urban innovation and low-carbon development,” said He Shigang, Vice Mayor of Sanya

The “Sanya Declaration” was issued during the forum. Representatives from 14 organizations and institutions including the Shenzhen Graduate School Government of Tsinghua University, the China-Britain Business Council, and the Shenzhen Emissions Exchange (CERX) expressed their strong commitment to cut energy consumption and greenhouse gas emissions through innovation on technologies, industries, systems, demand and collaboration, and to make economic growth at the least costs.

SOURCE: Sanya life