| A slowing Chinese economy threatens to undermine the deadline outlined last week by President Xi Jinping to introduce a nationwide carbon market by 2017. Companies ranging from coal-fired power plant operators to cement producers and oil and gas companies, faced with struggles to stay afloat, could be reluctant to participate in the cap-and-trade system the Chinese government has vowed to roll out on a national level, according to Tian Miao, an analyst at North Square Blue Oak Ltd., a London-based researcher.
"With slowing energy demand in a slowing economy, the last thing these companies want is an extra cost associated with a carbon emissions commitment,” Tian said by phone from Beijing...............................................Full Article: Source
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