03.03.2016 - China Urged to Avoid Excess Carbon Quotas in National Trading
Operators of two local pilot carbon-trading programs in China are urging designers of a national trading scheme to avoid allocating more emissions quotas than the market needs in order to avoid some of the supply imbalances the European Union has experienced with its own program. China should “make it possible to take back carbon quotas in an economic downturn” to learn lessons from the European Union, said Zhou Cheng, vice president at the China Beijing Environment Exchange. A glut of carbon allowances could result as the economy slows because allocations are based on historical emissions, Zhou said...............................................Full Article: Source
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