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Independent supervision urged of carbon market

Posted on 23 October 2012

A climate change organization on Monday suggested Chinese policymakers establish a national regulatory commission for the country’s fledging carbon market, noting that current plans call for setting up a national market within the decade.
To drum up the financing needed to contend with climate change, seven emissions trading systems are being tested out in China. The National Development and Reform Commission, China’s top economic planner, is now in charge of the systems, but an independent national regulatory commission will be needed when the market becomes more developed, said Wu Changhua, the Greater China director of the Climate Group, a non-governmental organization………………………………………..Full Article: Source


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