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China carbon trading to almost double in 2015

Posted on 07 January 2015

Carbon trading in China could almost double in 2015, analysts say, as more companies come up against curbs on climate pollution. It is the first year all seven regional carbon market pilots, designed to make polluters pay, are up and running.
Some 24 million tonnes of carbon dioxide equivalent were traded under these schemes in 2014, according to Thomson Reuters, with a value of €123 million. That will rise to 40 Mt in 2015, the research agency forecasts. “Historically, Chinese companies did not have to report on carbon emissions,” analyst Hongliang Chai told RTCC………………………………………..Full Article: Source


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