Will China Start Carbon Trade?


2011-01-10 Scientific American, Coco Liu and Climatewire
China moves toward carbon emissions trading to improve energy efficiency and competitiveness

CARBON TRADE:  The Chinese government has for the first time revealed its interest in building a domestic emissions trading market for greenhouse gas emissions.

CARBON TRADE: The Chinese government has for the first time revealed its interest in building a domestic emissions trading market for greenhouse gas emissions. Image: Rennet Stowe, courtesy Flickr

SHANGHAI — When professor Chen Hongbo tried to promote carbon trading in China three years ago, he found himself under fire. As developing countries like China aren’t obliged to limit the byproduct of their economic growth, opponents argued vehemently that they saw no need to motivate Chinese industries to either emit less greenhouse gases or pay for their emissions.

Today, China is still free of that obligation, but the internal dispute seems to have ended. In its proposed development plan for the next five years, the government has for the first time revealed its interest in building a domestic carbon market.

More (click here)

Advertisements
This entry was posted in Uncategorized and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s