Guangzhou Institute of Energy Conversion, Chinese Academy of Science jointly published a research report of “assessments and advices of Guangdong Pilot”

7 April 2015 – According to the report, emission trading scheme can significantly lower the cost of emission reduction in Guangdong:, under the model of CGE´╝łComputable General Equilibrium) the presentence of ETS can reduce the cost to achieve carbon intensity target from the 0.9% of local GDP to 0.8% during twelfth-five-year , which is 9 billion CNY.