Combating climate change and protecting environment have become the common view of global human society. China has reformed and opened for over 30 years in the unprecedented speed of economy growth, but with huge environmental cost. Under the pressure from international climate negotiation and national energy safety, China urgently has to improve its energy efficiency, optimize resources utilization and adjust economic structure. To construct the long-term effective market mechanism to solve these issues, China announced to build carbon trade market progressively in its 12th Five Year Plan in March 2011. National Development and Reform Commission (NDRC) held carbon pilot launching meeting in Beijing in December 2011 to select Beijing, Shanghai, Tianjin, Chongqing, Guangdong, Hubei and Shenzhen to be the first batch of carbon pilot regions. China carbon market stepped forward substantially since then.

China carbon market development needs an association to strengthen industry self-discipline and accelerate industry normalization. Also Beijing carbon finance center establishment needs an intermediary to aggregate industry power and optimize finance market elements. Supported by Beijing Municipal Bureau of Financial Works, China Beijing Environment Exchange (CBEEX), together with other China’s major emitters, financial institutions and carbon assets management companies initiated Beijing Green Finance Association (BGFA) early 2011. BGFA is the first non-profitable industry association focusing on carbon trading business in China.

To promote China‘s carbon market development and build Beijing’s carbon trading center and carbon finance center, Beijing Green Finance Association (BGFA),as the bridge between the government and the market, is on behalf of the industry enterprises to participate in the design of the domestic carbon market mechanism and regulations. Meanwhile, BGFA provides the member enterprises a platform to share business experience for member enterprises, offers decision-making consultancy for government, flourishes the carbon market development, enhances the industry self-discipline and accelerates domestic and international exchange. BGFA is committed to becoming China’s most influential association in the carbon market.

BGFA will promote the construction of China’s carbon market through research, decision-making consultancy, training & education and international exchange.