Guangdong publishes the first plan of its local low carbon fund

26 October 2015 -On Oct 23, 2015 Guangdong government announced that CNY 100 million of its local carbon fund will be transferred to a province-owned trust.

Guangdong is the first province to build a special fund for low carbon development with the capital  from the revenue of allowances auction (CNY 600 million) . The fund is only used for emissions reduction measures and relevant capacity building.