On December 9, Shanghai Pacific Millennium Packaging & Paper Industries Co. received China's first carbon neutral label. On November 17, this company conducted China's first VER (Voluntary Emission Reduction)-based carbon neutral transaction at the Tianjin Climate Exchange, offsetting 6,266 tons of carbon emissions from January 1, 2008 to June 30, 2009. Now, Shanghai Pacific Millennium Packaging & Paper Industries Co. has become China's first packaging enterprise to conduct a carbon neutral transaction.

Reporters learned that all of the packaging businesses under Pacific Millennium Holdings Corporation (the parent company of Shanghai Pacific Millennium) will gradually introduce the carbon management and carbon neutral measures in 2010. As relevant experts point out, solving environment-related problems by using the market mechanism will help to create an open and fair playing field, all the while reducing social costs and attracting more businesses.

Editor: Guo Changdong Source: People's Daily Online