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June 21, 2013 Forested mountains in Menghai County, Xishuangbanna Earlier this week China held its first ever National Low Carbon Day (全国低碳日). Several of the mainland s megacities instituted cap and trade programs aimed at limiting pollution levels. Yunnan, although not required to participate by Beijing, launched a carbon sequestration program of its own. In a provincial first, the Yunnan Development and Reform Commission has brokered a deal wherein Yunnan Forestry Investment Company (YFI) sold carbon credits worth 17,800 tons of carbon dioxide (CO2) to Guangdong-based Friends of Iron and Steel (FIS). In exchange for the credits, FIS has agreed to pay 1.07 million yuan (US$174,000). ....