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EU, California show China how to avoid carbon-permit oversupply

Posted on 20 November 2013

European Union and Californian emissions markets have shown China how to avoid the pitfall of oversupply in its own carbon-trading programs, said the vice mayor of the city of Shenzhen.
Permit prices on the EU Emissions Trading System plunged 80 percent the past five years, according to data from the ICE Futures Europe exchange in London. Officials from China examined why this happened, said Tang Jie, vice mayor of the southern Chinese city that has a population of 13 million and average income of $20,000……………………………………Full Article: Source


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