Carbon traders to double in Beijing

Beijing is expected to more than double the number of companies included in the city’s carbon- trading market as it seeks to become a model for a planned national program. The number of key emitters may increase to more than 1,000 this year from 543 in 2015 after the city lowered the inclusion requirement for annual carbon emissions to 5,000 metric tons from 10,000 metric tons, said Zhou Cheng, vice- president of the China Beijing Environment Exchanges. The exchange traded 3.1 million metric tons of emission quotas in 2015, up 50 percent from a year earlier, for 130 million yuan ($ 20 million).