National China CO2 trading scheme unlikely in 2015: report

Tuesday, 24 April 2012 17:18


The SEI report China’s Carbon Emission Trading: An Overview of Current Development is covered in this news item:

China hopes to launch what could be the world’s biggest carbon market to help it cut carbon emissions per unit of GDP to 40-45 percent below 2005 levels by 2020.

One of the policies underway to achieve the target is to launch pilot schemes in seven cities and regions next year, and roll out a nationwide scheme twoyears later.

The national scheme will to some extent draw on the experiences from the pilot regions, but the SEI researchers argued that even if China’s market is well designed, it would face great challenges in making it work.
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Source: Point Carbon News, Thomson Reuters, UK
Language: English

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