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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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China’s Guangdong to launch world’s 5th biggest CO2 market

11 Sep 2012

BEIJING, Sept 11 (Reuters) - Southern China’s Guangdong province will next year cap CO2 from 827 of its biggest-emitting facilities, including power generators and manufacturers, as it plans to launch a carbon trading market that will be the fifth biggest in the world.

Guangdong is the biggest of seven regions picked to launch pilot carbon trading markets over the next two years, as the world’s second biggest economy. The size of the Guangdong carbon market might increase over time, as local officials have started talks with Hubei province, another of the seven pilot regions, about linking their respective schemes.