| China has made progress in its carbon trading pilot programs but still has a long way to go, government officials and industry players believe. China, the world's biggest emitter of greenhouse gases, is betting on carbon trading as a key measure to cut its emissions for each unit of economic output 40 to 45 percent below 2005 levels by 2020.
Already, five regional carbon markets have been up and running in the Guangdong province and cities of Shenzhen, Beijing, Shanghai and Tianjin since 2013. Central China's Hubei province last month also kicked in its cap-and-trade system...............................................Full Article: Source |