The Chinese government will continue its progressive shift to mandating cleaner and more environmentally sound energy use within the country by introducing a carbon-trading scheme.
This week at a United Nations conference on climate change, the China Beijing Environmental Exchange will unveil China's emissions-trading plan, and outline its details. This is the first time the Chinese government will place limits on the amount of greenhouse gases industries will be able to emit.
China's entry into the world carbon-trading market holds potentially significant implications--China is the world's largest polluter, producing 20% of the world's greenhouse gas emissions. As a result, China dominates the supply side of the carbon-trading market. Carbon credits are earned through the development of environmental projects. So, through China's entry into the market, a huge demand for environmental projects will be created.
Read the full story at the Times Online: Chinese start carbon-trading scheme
Nathanael Baker is the Managing Editor of EnergyBoom. He has researched and reported on the issues of renewable energy, sustainability, and climate change for over two years. He has provided research to the New York Times and The Economist, as well as being published on different media outlets including, The Energy Collective.
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