26.11.2013 - Here’s what China is doing to curb carbon emissions
China will begin rolling out carbon trading schemes by deploying two preliminary measures in Beijing and Shanghai, Reuters reports. As part of seven different carbon trading programs that China plans on implementing in various regions across the country, Beijing and Shanghai each got their own plan for carbon credits from the Chinese government. According to the plan, firms that pollute above a certain level will have to purchase the right to emit carbon from other firms or from the government, setting up a market for the purchase and sale of emissions. The news comes in the wake of an international conference on climate change in Warsaw, during which China pledged to do its part to curb carbon emissions, Bloomberg reports...............................................Full Article: Source
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