In May 2012, Hubei University of Economics formally established the Low Carbon Economy and Hubei Development Research Center, and engaged Professor Xue Jinjun in Nagoya University in Japan as the Director and Professor Zhou Maorong as the Honorary Director. The members were mainly from the School of International Trade, Department of Economics, and Department of Statistics. In October 2012, according to the aim of “facing significant demand of economic development in Hubei” proposed in “2011 Plan of Hubei Province”, our university declared “Center of Hubei Cooperative Innovation for Emissions Trading System(CHCIETS)” based on the Low Carbon Economy and Hubei Development Research Center. In December 2012, after the formal approval of provincial education department by issuing documents, the Center of Hubei Cooperative Innovation for Emissions Trading System entered the cultivation stage. It became the only research institution specializing in carbon emissions trading of all higher education institutions in the province.
Centerof Hubei Cooperative Innovationfor Emissions Trading System (Cultivation) was led by Hubei University of Economics, sign the cooperation agreement, define the forms of organization, ways of cooperation, operational mechanism and participation in division of labor and rights and obligations in all aspects based on equality and resources. The cooperative units include United Hubei Development and Reform Commission, Hubei Statistics Bureau (government), Wuhan University, Zhongnan University of Economics and Law (higher education institution), Hubei Energy Group Co., Ltd., Wuhan Sub-center of China Quality Certification Center, Hubei Carbon Exchange Co., Ltd. (enterprise), Taiwan Research Institute, Institute of Global Low-carbon Economy (Nagoya University in Japan, University of International Business and Economics), Germany ZEW (Center for European Economic Research) Energy & Economy Department (research institution).
CHCIETS will build a high-level, dynamic, multiple, integrated and sustainable cooperative innovation institution and mechanism that rooted by talent training, based on discipline construction and supported by scientific research. At present, the Center has undertaken a large number of scientific research projects on carbon emissions trading and has established good relationship with domestic and international counterparts. On this basis, the Center strives to form the only interdisciplinary, trans-department and transnational research and innovation entity in the province that has a great influence in China and abroad and plays an important role in formulation and implementation of carbon emissions trading policies in Hubei Province and even all over the country.