14.01.2014 - Asia-Pacific leading the world on carbon emissions trading
It is not well know that Kazakhstan a nation whose landmass exceeds that of Western Europe and which boasts the largest economy in Central Asia introduced a carbon trading scheme last year. It is the first Asian nation to take on an economy-wide cap and the trading system has been designed to help it achieve its goal of reducing greenhouse gas emissions to 7 percent below 1990 levels by 2020. Indonesia is also considering carbon trading and, in 2014, Thailand will introduce a voluntary emissions trading system, likely to be a precursor to a mandatory scheme. These developments follow hot on the heels of the landmark passage, in May 2012, of a South Korean law that introduces a carbon trading scheme in 2015...............................................Full Article: Source
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