| The world's second largest economy is planning to roll out a national market for carbon permit trading in 2016, according to officials. The rules for the market are currently being finalised and, if all goes to plan, within a few years China will replace Europe as the world's biggest trader in emissions.
China is responsible for 30 per cent of the world's greenhouse gas emissions, making it the world's biggest contributor to climate change. By 2020, it has pledged to have reduced the amount of carbon it emits per unit of GDP to 40-45 per cent below 2005 levels...............................................Full Article: Source
|