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It is understood that emissions trading is to make full use of the market mechanism to allocate resources under a given total control goal, and to minimize the total cost of environmental governance by quantifying the cost of individual enterprises' emissions. Under this institutional arrangement, the government can effectively resolve the contradiction between the protection of the environment and the development of the economy under the prescriptive control approach through the macro-control of environmental resources. At present, large-scale pollutant emission trading centers have been established in Europe, the United States, and other developed regions and countries. Major pollutants include sulfur dioxide and chemical oxygen demand.
In September 2009, Chongqing Municipal Government issued a notice of the pilot program for emissions trading of major pollutants, and used the trials of major pollutant emission rights as an important part of overall urban-rural comprehensive reforms. In the second half of 2010, Chongqing set up a major pollutant emission rights trading and management center, and further improved relevant supporting policies to provide protection for launching trials of emission rights trading.
Starting from this month, Chongqing will usher in the "peak" of emission right index trading, including more than 500 tons of emission rights indicators in Shaoshan, Longquan and other places will be listed and transferred on the Chongqing Stock Exchange, among which the SO2 emission target of the Jianan Cement Group has reached 300 tons.
Zhang Yong, deputy director of the Chongqing Municipal Environmental Protection Bureau, said that the establishment of the Chongqing Environmental Resource Exchange Center will facilitate the use of market mechanisms to promote energy-saving and emission reduction, and at the same time promote the economic transformation and upgrading of the industry. According to the relevant regulations of Chongqing Municipality, any industrial construction projects that require the construction of new pollutants, renovations, expansions, and technological renovations of major pollutants must be purchased through the purchase of emission rights and the emission quotas must be obtained before an EIA approval can be obtained.
It is reported that, in addition to sulfur dioxide, chemical oxygen demand, the Chongqing Environmental Resource Exchange Center is expected to carry out carbon trading business in the future.
The Chongqing Environmental Resource Trading Center was formally established recently, marking the official launch of the pilot work on Chongqing's major pollutant emission rights trading. It is reported that the environmental resource trading center established in Chongqing is currently the first environmental resource trading center in the west.