The Tianjin Climate Exchange is preparing to launch what could become China's first domestic carbon market.
The exchange had started recruiting members for a cap-and-trade scheme which it expects to begin in six to 12 months, said Jeff Huang, assistant chairman of Tianjin Climate Exchange and vice-president of Chicago Climate Exchange.
TCX is a joint venture between Chicago Climate Exchange, the municipal government of Tianjin and the asset management unit of PetroChina, the country's largest oil and gas producer.
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