Citi helps China launch its first cap-and-trade scheme

Tianjin will test-pilot China's first energy intensity cap-and-trade scheme, with Citi acting as the buyer of the carbon emissions allowances.

Citi is participating in an energy intensity cap-and-trade scheme launched in Tianjin, which is China's first market-based mechanism to achieve energy and carbon intensity reductions.

Citi will act as a buyer of carbon emissions allowances CEAs under the first set of transactions of the pilot scheme.

We have a long track record of leadership in environmental sustainability projects around the world, and as China continues to develop new mechanisms to combat climate change, Citi will be fully...

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