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BREAKING
Al-Saadi: There were concerns that Lahham would be placed under administrative detention.
Al-Saadi: The Israeli occupation authorities could not prove any allegations leveled against Nasser Lahham.
Lawyer Oussama al-Saadi: The oppressive Israeli measures of delaying Lahham's release had vengeful motives.
Nasser Lahham's lawyer said the journalist was released without any conditions or restrictions, adding that the conditions in which he was kept were terrible.
The Israeli occupation authorities release Al Mayadeen Palestine bureau chief Nasser al-Lahham.
Local Syrian sources: An Israeli airstrike targeted a tank and artillery battalion in the city of Izraa in the Daraa countryside
Al Mayadeen's correspondent in eastern Lebanon: 12 martyrs and 5 wounded in Israeli raids targeting the outskirts of Wadi Fa'ra in the northern Bekaa Valley
Local Syrian sources: More than 10 Israeli raids targeted Sweida, with information about more than five casualties from the Internal Security Forces
Local Syrian sources: Initial reports indicate that approximately 15 people were killed or wounded at the al-Radwan family's guest house in Sweida following a direct exchange of gunfire
Israeli media, citing Israeli political sources, reported that the Shas movement is expected to withdraw from the government within less than 24 hours

China Sells Almost $65M Worth of CO2 Emission Quotas

  • By Al Mayadeen
  • Source: Agencies
  • 26 Sep 2021 15:04
2 Min Read

China has sold $64.6 million worth of CO2 and greenhouse gases emission quotas to companies over a span of two months. 

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  • China Sells Almost $65M Worth of Carbon Dioxide Emission Quotas
    The release of carbon emissions is increasingly monetized in China. 

According to the Head of the Climate Change Department at the Chinese Ministry of Ecology and Environment, Li Gao, China has sold 418 million yuan (approximately $64.6 million) worth of carbon dioxide emission quotas to companies over a span of two months. 

To promote less pollution - low carbon and 'greener' policies - China launched the Emission Trading System (ETS) in 2016 which sets limits, or gives quotas, for just how much a company can emit CO2 and greenhouse gases. According to a report by South China Morning Post, the carbon trading scheme may be able to reduce emissions by 30-60% by the year 2060. 

In a conference at the International Institute of Green Finance at the Central University of Economics and Finance in Beijing, an official said: "As of September 23, the national emissions trading scheme saw contracts for carbon emission quotas amounting to 8.48 million tons [being sold for] a total amount of 418 million yuan."

Since the launch of the market, prices have experienced stability: the opening price stood at $7.40 per ton of CO2. Gao remarked that the prices have been reasonable and bounded by limits. 

According to Chinese media and the Ministry of Ecology and Environment, over 2000 electricity generating companies are responsible for the release of 4 billion tons of carbon dioxide into the environment on a yearly basis. These same companies are granted access to ETS in order to manage emissions. 

  • Emission Trading System
  • carbon emissions
  • China
  • Greenhouse gases

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