Challenge
High Carbon Consumption in China
Greenhouse gas emissions from human activities have been the primary driver of climate change
China has had the world’s largest carbon footprint since 2004 and is responsible for 27% of global greenhouse gas emission
In 2020, CO2 emissions per capita for China was 8.2 tons of CO2 per capita. CO2 emissions per capita of China increased from 1.08 tons of CO2 per capita in 1971 to 8.2 tons of CO2 per capita in 2020 growing at an average annual rate of 4.32%
As the world’s largest emitter of greenhouse gases, China has faced widespread criticism from the international community. Beijing also faces domestic pressure to address environmental concerns while maintaining economic growth
IST Solution
Facilitate China & HK Carbon Trading
Compile carbon trading data
Conduct empirical ESG research supported by data and evidence
Establish carbon credit measurement and ESG rating benchmark for GBA/Asia
Deliver ESG/carbon market workshops on carbon assets/credits/regulations etc.
Support carbon trading with Blockchain and Smart Contract Technology