| Hubei province will auction up to two million carbon permits at a government-set minimum price next month to kick-start the nation’s sixth pilot emissions trading scheme (ETS). Hubei’s carbon market will be only the second to sell a share of the permits. In most of the other trial schemes, the permits have been handed out for free.
China, the world’s top emitter of greenhouse gases, is seeking to limit its impact on climate change, and successfully operating the schemes is seen as vital for the foundation of a national emissions market...............................................Full Article: Source |