27.08.2013 - No clear benefit for Hong Kong from mainland China's carbon trading scheme
Buses, lorries and ships: Hong Kong can do much to control these sources of its local pollution problem. But it has limited influence over the other significant source of its poor air quality: smog from mainland China. Thus, many Hongkongers have reason to be happy - in theory, at least - that Shenzhen and Guangdong are at the forefront of China's fledgling efforts to limit carbon emissions. Seven cities and provinces around China are starting trial carbon-trading schemes. Shenzhen launched its pilot in June; Guangdong and other locations (including Beijing and Shanghai) are due to begin their own pilots later this year. Rationing permits to pollute and then letting companies trade them depending on their needs, at market prices, ought to spur carbon-emissions cuts...............................................Full Article: Source
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