| Despite problems faced by regional pilot schemes, authorities say unified market could launch by late 2016. Nearly two years after the launch of China’s pilot-scheme regional carbon markets, authorities are hopeful a national market can be developed as early as next year, despite challenges facing the industry.
Technical preparations were under way for the market, which would be similar to the EU Emissions Trading System (EUETS), said Wang Shu, a climate change official with the National Development and Reform Commission. “We hope to wrap up the preparation work ... and launch a unified carbon trade market in late 2016 or early 2017,” he told a conference in Shenzhen last week, mainland media reported...............................................Full Article: Source
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