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Sanya to establish Hainan's first carbon emissions trading center

Updated: 2017-05-19 23:19:31

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


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The World Alliance for Low Carbon Cities (WALCC) is a non-profit, independently founded and organized alliance that seeks to advance research and demonstrations between core actors from cities and in the academic and corporate worlds in the fields of urban planning, urban transportation, green building, and renewable resources.


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 a Hainan Sanya Carbon Emissions Trading Center, and other businesses with the goal of developing Sanya into a regional center for carbon trading, carbon finance, and carbon market service systems.


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


The mayor forum discussed PPP financing mode innovation, and successful PPP case experiences were shared among dozens of world mayors, fortune 500 companies, well-known central enterprises, and low carbon specialists.


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


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


“We hope that through the hosting of this forum, Sanya will benefit from the 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.


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A “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 reducing energy consumption and greenhouse gas emissions through innovation on technologies, industries, systems, demand and collaboration, and to achieving economic growth at minimum cost.