| China has some carbon exchanges now. They trade carbon permits in seven trial markets. The price is about $7 to 10 per ton of CO2. China will likely add seven pilot carbon pricing systems by 2015. China is expected to add a carbon tax by 2020 and national emissions trading by 2020. These moves will increase the financial incentives for nuclear energy, hydro power, solar and wind power in China.
Carbon permits on the Shenzhen Emissions Exchange, the first of seven trial carbon markets being launched in China, have risen to a price exceeding those in Europe According to Bloomberg New Energy Finance (BNEF) Shenzhen carbon allowances for 2013 increased to US$7 a tonne, up from US$5 a tonne on June 18, the first day of trading...............................................Full Article: Source |