| China announced plans to roll out a national carbon-permit market in 2016 in an effort to reduce its carbon emissions, Reuters reports. The market would be the largest of its type in the world. As of 2011, China led the world in emitting carbon dioxide, pumping out 28 percent of the global total, according to the World Resources Institute. (The United States came in second, at 16.5 percent.)
But the country has pledged to reduce its emissions, per unit of GDP, to between 40 and 45 percent below its 2005 levels by the end of this decade. To that end, it’s already operating seven regional carbon trading markets, according to Reuters...............................................Full Article: Source
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