Thursday, February 16, 2012

Cloud of Uncertainty Hovers Over China’s New Emissions Trading Plans

From Worldwatch....

By Haibing Ma (and Alexander Ochs)

Describes the carbon trading system plan developing in China.

Here is a key excerpt:

The National Development and Reform Commission (NDRC) recently issued an official notice to initiate pilot carbon-trading programs in seven regions. By embracing market-based approaches to mitigating climate change, China is seeking to facilitate a smooth and efficient transition to sustainable development. The seven pilot regions are the cities of Beijing, Tianjin, Shanghai, Chongqing, and Shenzhen, as well as Guangdong and Hubei provinces.


No comments:

Post a Comment