12th January, 2012
The fast-growing city of Hangzhou in eastern China has begun drawing up plans for an emissions trading scheme, a move that will make it China’s eighth region to launch a carbon market as the world’s biggest-emitting nation strives to clean up its economy.
The local government last week published a consultation paper that, although lacking in detail, outlined general plans to set up a cap-and-trade scheme for greenhouse gas emissions.
Source: Thompson Reuters
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