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Guangdong adds 20 mln permits to China’s biggest carbon market

Posted on 20 August 2014

Guangdong, the biggest of China’s seven pilot carbon trading markets, will this year hand out around 6 percent more emission permits to companies than in 2013, potentially aggravating oversupply that sent prices tumbling earlier this year.
The market is meant to rein in climate-changing greenhouse gas emissions from power stations, cement factories, petrochemicals, and iron and steel producers emitting more than 20,000 tonnes of carbon dioxide each year………………………………………..Full Article: Source


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