Competition for Emissions in the Petrochemical and Chemical Industries Accelerates Preparation for Carbon Trading

November 23 2016 – On Nov 17 – 18, a capacity building workshop on the topic of participation of the petrochemical and chemical enterprises in China’s national ETS was held in Beijing. Mr. Jiang Zhaoli, Deputy Director of the Department of Climate Change at the NDRC said that for petrochemical and chemical companies, the future competition will be one for carbon emissions. Only by entering the carbon market and actively reducing emissions will the companies be able to obtain more reasonable allowances and a broader space for development. The workshop was organized by CPCIF, CLCA, China Energy Conservation Consulting Co., Ltd. and Beijing Environmental Exchange. Representatives from more than 100 enterprises attended the workshop.