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Newsflash

China to have world's 2nd largest carbon trading scheme by 2014

24th January, 2013

China will have the world's second largest carbon trading scheme by 2014, or twice as big as Australia's regime, a latest report showed Thursday.

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Carbon price of $29 'not implausible', says Blair Comley

20th January, 2013

THE head of the federal climate change department says it is "not implausible" the European carbon price could rise to $29 a tonne by mid-2015, when Australia's emissions trading scheme begins.

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Carbon to Take Over Oil

29 May 2012

As per reports, it has been revealed that the World Bank has predicted that carbon trading will take over the position of oil business across the globe. It has been said so due to the decline the price of carbon.

However, experts are of the view that it is quite rare that it will happen, as none of the three China’s carbon markets, the Beijing Environment Exchange, Shanghai Environment Energy Exchange and Tianjin Climate Exchange, have been able to see great business this year.

In addition, the National Reform and Development Commission (NRDC), which is China’s top economic planner was of the view that they are going to initiate carbon trading trials. The trials are going to take place in seven different countries, and those being Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei and Shenzhen.

There is a reason for choosing these locations and the sole reason is that these places already have their own carbon emissions exchange.

But, it seems that the NRDC can face trouble at one point and that is the State Council, which is considered as country’s highest administrative organization, has taken some stern steps to enhance cultural artwork. Future of the carbon business is said to be dictated in the China’s Five-Year Plan.

Source: TopNews