Emission Reductions Post Cap-and-Trade Implementation

Coverage California • Covers 7 types of GHG Guangdong • Only CO2 is covered • Program covers about 450 entities . • Starts in 2013 for electricity generators and large industrial facilities emitting 25,000 MTCO2e or more annually Starts in 2015 for distributors of transportation, natural gas, and other fuels Imported electricity is . covered. • · Program covers 193 entities (2014) Covered 4 industries: electricity generation, petrochemical(refinery), cement, Steel; The threshold is 20,000 ton annually. Transportation not covered. . Imported electricity not covered.

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