18.08.2014 - China's carbon plans: Secrecy and oversupply
As China lays down plans for a national carbon trading scheme, the world's biggest emitter of greenhouse gases risks repeating mistakes made in carbon trading in Europe by flooding its pilot markets with free permits. The European Union's scheme, the world's largest, suffered a collapse in prices hurting its credibility when the EU gave away too many permits just as the global financial crisis was slashing demand and in turn curbing pollution levels...............................................Full Article: Source
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