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China starts carbon trading scheme

Posted on 19 June 2013

China, the world’s largest carbon emitter, was set Tuesday to launch its first carbon trading scheme aimed at reducing emissions, state-media said. A platform allowing businesses in the southern city of Shenzhen to trade permits to emit carbon was established on Sunday, with trading due to start on Tuesday, China’s official Xinhua news agency reported.
China plans to open similar schemes in seven areas before 2014, in what analysts say is a step towards a nationwide carbon market. “This is the first step towards a national carbon trading system,” Li Yan, head of environmental group Greenpeace’s climate and energy campaign in China, told reporters………………………………………..Full Article: Source


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