CHINA, THE WORLD’S biggest polluter, is taking the slow road to market-based initiatives to tackle climate change.
As far back as June 2011, Wang Shu of the National Development Reform Commission (NRDC)’s Climate Change office… 530 more words
This week, China announced it has launched a nationwide carbon-trading market, with the intent of slowing down its growing climate footprint and capping its emissions as soon as possible. 533 more words
China has launched a 3-billion tonne carbon market for the power and heat sectors, with trading expected to commence within a year.
According to deputy director of the National Development and Reform Commission (NDRC), Zhang Yong, “China will use market mechanisms to control and reduce greenhouse gas emissions and promote major innovations and green low-carbon developments.” 428 more words