On March 2, Zhejiang Province launched a pilot program for the compensated use and trade of emissions rights for major pollutants, announced the Ministry of Finance.

The pilot program includes the emissions rights for chemical oxygen demand (COD) in Hangzhou, Jiaxing and Huzhou, all in the Taihu Lake Basin, as well as in the Qiantang River Basin, and the emissions rights for sulfur dioxide throughout Zhejiang.

Prior to this, Jiangsu Province and Tianjin municipality have carried out pilot programs for the compensated use and trade of pollutant emissions rights.

The goal of this pilot program is to raise resource allocation efficiency, increase the reduction of pollutant emissions and improve the quality of the environment.

By People's Daily Online