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China takes a huge step in reducing carbon emissions

Posted on 27 September 2012

China has agreed to work with the EU to create its own carbon trading system. This will create a large pool of funding for sustainable development. The tide is changing. In a huge move for the global effort to reduce carbon emissions, China has announced that it is starting its own emissions trading system. And it is doing so with the help of the EU, with the long-term aim of the two carbon markets working together.
This means that the world’s largest overall emitter of carbon emissions will be doing its all to develop in a more sustainable manner. By linking emissions to a market, Chinese industry will have a monetary incentive to reduce emissions………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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