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Beijing starts carbon trading scheme as China clamps down on emissions

Posted on 29 November 2013

Capital joins Shenzhen and Shanghai, with Guangdong province set to open scheme that will become world’s second largest. Beijing on Thursday became the third Chinese city to launch a carbon trading scheme to regulate soaring CO2 emissions from its main power generators and manufacturers, with first trades reported to have gone through at 50 yuan ($8.20) per permit.
The capital followed newly established markets in Shenzhen and Shanghai, with Guangdong province set to open one in December that will be the second-biggest in the world after the European Union………………………………………..Full Article: Source


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