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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.

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.


Global Carbon Trading Takes a Big Step Forward

28 Aug 2012

China is currently researching a national carbon trading scheme, and is investigating the possibility of linking up with the EU’s ETS scheme as well. Being a newcomer in this area, China faces several challenges of implementation including low public awareness and market maturity.

“Our priority is getting our work done first, accumulating experience and then taking part in making the rules,” said Xie Zhenhua, vice-chairman of the National Development and Reform Commission. Wolfgang Sterk, a policy analyst with the Wuppertal Institute in Germany  said, “If a national system emerges in China, depending on the design and scope, it may become the biggest in the world, and allowances in that system would then give a global price signal.”

Meanwhile, here in the U.S., while everyone else is finally embracing cap and trade.