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China to launch final CO2 exchange, national scheme uncertain

Posted on 19 June 2014

China launches its seventh and final pilot carbon market in the sprawling city of Chongqing on Thursday, but plans to set up a national trading scheme within three years remain shrouded in uncertainty in the world’s top emitter of greenhouse gases.
China has pledged that by 2020 it will reduce its carbon intensity - the amount of CO2 produced per unit of economic growth - by 40-45 percent from 2005 levels. It has also promised to set up market mechanisms to help meet its targets…………………………………..Full Article: Source


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