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China starts carbon trading to reduce emissions

Posted on 31 March 2011

In Beijing China made a major step towards greater emissions reduction by conducting the first transaction under its own domestic “Panda Standard” for carbon trading.

Franshion Properties, a leading Chinese real estate developer, bought 17,000 tons of carbon credit on the Beijing Environmental Exchange. Sources said the deal was worth about $150,000; funds which will go into a project for planting thousands of hectares of carbon-absorbing bamboo in the province of Yunnan………………………………………Full Article: Source


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