| China, the world's biggest source of heat-trapping greenhouse gases, will impose tougher penalties on firms that fail to comply with emission targets, according to draft market regulations seen by Reuters on Thursday.
The draft rules, which have been circulated among market players, will be submitted to lawmakers next year for final approval. If passed, they will raise the cost of noncompliance and give emitters bigger incentives to cut their emissions and improve their reporting standards...............................................Full Article: Source
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