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China’s pollution permit market must be revamped

Posted on 08 April 2014

New government plans to strengthen China’s “pollution permit” market have been applauded as the meaningfulness of existing trials of the system has been called into question.
Since 2007, China has set up more than 20 local pilot trading platforms for the permits. Not to be confused with carbon trading, which targets greenhouse gases led by carbon dioxide, this scheme allow industrial firms to buy and sell rights to emit pollutants like sulphur dioxide and nitrogen oxide, major causes of smog and acid rain………………………………………..Full Article: Source


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