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China has a lot to do to realize carbon trading nationwide

Posted on 03 July 2013

The city of Shenzhen, in south China’s Guangdong Province, has launched a carbon trading scheme, to become China’s first market for compulsory carbon trading. Energy consumption and environmental experts are praising the move as a positive sign that the government is changing its ways and reducing carbon dioxide emissions.
However, they also point out that the government still has a lot to do to realize carbon trading nationwide. The Shenzhen pilot scheme involves 635 local companies which account for 26 percent of the city’s gross domestic product and 38 percent of its CO2 emissions, or about 30 million tonnes — a tiny amount compared to the 8 billion tonnes China emitted in 2012……………………………….Full Article: Source


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