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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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California link to Australia's carbon market a distant prospect

After announcing this week it will link its future carbon market to the EU's, Australia may look to California next as a potential emissions-trading partner, but the U.S. state may be less keen to cement a trans-continental link, analysts said. Last week, Australia announced it will link its emissions trading scheme to Europe's in 2015, a move hailed as the first union of two major emission markets. The country's climate change minister, Greg Combet, told reporters that Australia will also pursue links with California, South Korea and New Zealand, which are developing their own carbon markets. California officials have plans to travel to Australia in October to discuss potential market links with their counterparts.