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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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FACTBOX: China’s pilot emissions trading schemes

20 Aug 2012

BEIJING, Aug 20 (Reuters) - China’s seven pilot emissions trading schemes will cap carbon dioxide (CO2) emissions from power producers and industries and offer financial incentives to cut CO2 output in the world’s biggest emitting nation from next year.

China’s National Development and Reform Commission decided last year to try out carbon trading in seven regions with a total population of 240 million and a collective GDP of some $2 trillion.