Updated Tue, November 29th 2016 at 12:10 GMT +3Polluters who have reduced their carbon emissions can now apply for a reduction to their electricity bill, thanks to a new system rolled out by the carbon trade center in Beijing. Electric Carbon Contract, a cooperation project between Beijing Environment Exchange and GP Power Electricity Group, was launched on Tuesday in Beijing. The system links carbon trading with preferential electricity rates, said Mei Dewen, director of Beijing Environment Exchange. Since 2013, China has tested carbon trading in seven pilot cities, including Beijing. The same favorable rate is given to emitters who have participated in the Chinese Certified Emission Reduction program and reduced their carbon emissions.

Source: Standard Digital November 29, 2016 09:20 UTC