Compressed natural gas (CNG) stations are producing spin off benefits in the form of carbon credits for China Gas Holdings Ltd. The company’s Chief Financial Officer Eric Leung told Bloomberg News that the company is building 120 CNG stations in 30 cities over the next two and half years and will make use of United Nation’s Clean Development Mechanisms to earn credits for the stations.
China Gas Plans to Sell Carbon Credits From New CNG Stations
December 11, 2009
Source: Bloomberg News China