24.10.2014 - China readies legal framework for carbon market, hefty fines possible
China is planning hefty fines for companies that fail to comply with the rules of its national carbon trading market but has yet to decide how to set emission caps for big polluters, according to a draft government document seen by Reuters. The world's biggest emitter of greenhouse gases plans to launch a national emissions trading scheme in 2016 in a bid to reduce its impact on climate change and make its economy less reliant on polluting fossil fuels...............................................Full Article: Source
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