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China’s cautious step to carbon emissions trading

Posted on 25 June 2013

Carbon trade will give local governments an alternative source of revenue. China launched its first pilot carbon emissions exchange on Tuesday, though plans for a nationwide rollout and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world’s No.2 economy.
High-emission industries such as aluminum and steel are likely to resist higher costs as they are already battling weak prices due to tepid demand and a persistent supply gut………………………………………..Full Article: Source


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