China may start its first carbon cap-and-trade system for energy use in buildings in Tianjin by June, Bloomberg reports.
The northeast port city of Tianjin plans to impose a mandatory limit on energy used to heat buildings, John Shi, chief executive officer of the carbon credit trader Arreon Carbon U.K. Ltd., said in an interview with Bloomberg. Property managers able to reduce energy use to below the limit will earn credits they can then sell, he said.
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