25.06.2013 - China's cautious step to carbon emissions trading
Carbon trade will give local governments an alternative source of revenue. China launched its first pilot carbon emissions exchange on Tuesday, though plans for a nationwide rollout and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world's No.2 economy. High-emission industries such as aluminum and steel are likely to resist higher costs as they are already battling weak prices due to tepid demand and a persistent supply gut...............................................Full Article: Source
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