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China reveals details of first carbon trading scheme

Posted on 22 May 2013

Operating details of China’s first pilot carbon-trading scheme, in Shenzhen, have been released as it gets ready to launch next month, and as the country prepares to roll out seven pilot schemes by 2014.
The world’s biggest carbon emitter, China is planning to experiment with carbon trading schemes during the next three years as it seeks to cut emissions. Beijing is targeting a 40 per cent reduction in emissions relative to economic output by 2020, from 2005 levels, but hasn’t identified what means it will use to reach that goal……………………………..Full Article: Source


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