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China to run 2nd in carbon trading scheme

Posted on 12 October 2012

China will have the world’s second largest carbon trading scheme by 2014, or twice as big as Australia’s regime, a latest report showed Thursday. These conclusions are outlined in a report released today, commissioned by The Climate Institute from Climate Bridge.
“Indeed, China’s pilot emissions trading schemes will cover nearly twice the emissions of Australia’s scheme in 2014. Business and politicians that assume inaction from China are taking a huge gamble on a high carbon status quo.” said Alex Wyatt, CEO of Climate Bridge, a multi-national project developer with years of experience in emission reduction projects in China………………………………………..Full Article: Source

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