China will start a pilot carbon emissions trading project and gradually set up a market for carbon emissions trading, said Xie Zhenhua, Vice Chairman of the National Development and Reform Commission (NDRC), on July 16 at the 2011 Eco-Forum Global held in Guiyang, capital of Guizhou Province.

It would also accelerate building a standardized system for energy saving and environmental protection, and tighten regulation on identifying and labeling low-carbon products, Xie said

China was determined to straighten out prices of resource-based products, for example, further applying differential power pricing and punitive electricity tariffs, he added.

The government would provide more incentives to develop energy-conservation technologies and products, such as preferential taxation policies, said Xie.