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How Asia leads on carbon emissions trading

Posted on 20 December 2013

It is not well known that Kazakhstan, a nation whose landmass exceeds that of Western Europe and boasts the largest economy in Central Asia, introduced a carbon trading scheme earlier this year. It is the first Asian nation to take on an economy-wide cap, and the trading system has been designed to help it achieve its goal of reducing greenhouse gas emissions to 7 percent below 1990 levels by 2020.
Indonesia is also considering carbon trading, and in 2014 Thailand will introduce a voluntary emissions trading system, likely to be a precursor to a mandatory scheme. These developments follow hot on the heels of the landmark passage in May 2012 of a South Korean law that introduces a carbon trading scheme in 2015………………………………………..Full Article: Source


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