Shanghai’s Pudong New District will create personal carbon accounts for local citizens, according to a new local green finance rule entering into force on 1 July. The move aims to explore the emission-cutting potential of personal consumption and package such reductions as a type of carbon asset to be put into the country’s carbon market.
The scheme would allow users to save carbon credits gained for low-carbon behavior such as rubbish sorting and energy conservation, which could be exchanged for financial products and services.
