A total of 10,000 tons of carbon emission quotas have recently been traded under a new electronics recycling project, marking the first deal completed after the project that offers carbon-offset credits to buyers was launched early April.
Launched in Hangzhou City, east China's Zhejiang Province, the project recovers key resources from used electronic products, thus contributing to the creation of a circular economy and generating valuable secondary materials.
According to the China National Resources Recycling Association, the transaction was carried out between an ecological technology company in Zhejiang and Chinese PC giant Lenovo group.
Under the project, recycling companies like the former generate carbon emission credits by dismantling and processing electronic waste, while the latter, as an electrical and electronic product manufacturer, offsets the carbon emissions in its production process by purchasing carbon emission quotas.
"We set a price for 10,000 tons of carbon emission credits for the first time as we are piloting the program. The demand for carbon emission credits will definitely increase in the future. With the implementation of the trade-in policy, the amount of scrapped home appliances will increase significantly later his year, and the supply for dismantling companies like us will become more and more abundant, bringing stable profits for us," said Qiang Yi, general manager of Shengtang ecological technology company in Zhejiang.
As of the end of 2023, similar recycling plants across China have in total obtained over 7.5 million tons of recycled resources from dismantled electronics.
10,000 tons carbon emission credits traded under electronics recycling project
A French student from the School of Chinese Language and Literature at Beijing Foreign Studies University recently called for more educational exchanges between the two countries.
During an interview with China Global Television Network (CGTN), Bouaoud Elies shared his experience living and studying in China.
After graduating from the business school at Beijing Foreign Studies University, Elies decided to stay in the country. He said he continues to study Chinese to improve his competitiveness and explore the huge trade opportunities between the two countries.
"I mean I love it here. I don't want to go back to France. I would like to become the bridge between France and China. So, if I can do this, thanks to the Belt and Road Initiative, the Silk Road, now the relations between France and China are very good. So, I think a lot of things will happen," he said.
Elies also said he hopes that more French students could visit China and develop a better understanding of the country.
France was the first major western country to establish full diplomatic ties with China, and the history of educational exchanges can be traced back more than a century and a half when China sent its students to France to study maritime affairs.
Since then, exchanges have deepened considerably.
"In China, we have established 14 French training centers. In France, we have established 19 Confucius Institutes. These institutions serve as bridges for mutual understanding and trust between the youth and people of the two countries, enhancing language and cultural connections," said Yang Dan, Director General of the Department of International Cooperation and Exchanges under the Ministry of Education.
French student calls for more educational exchanges with China
