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China Hubei carbon market reports 100 pct compliance rate

2015-08-21 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Economic Times: Hubei province, China's second largest carbon market, reported a 100 percent compliance rate in its first trading year, thanks to a decision by the local authority to postpone the deadline by which firms had to surrender their permits. All 138 companies obligated to cut their CO2 emissions under the Hubei scheme had complied in full by this week, the official local newspaper Hubei Daily reported. The deadline was originally set for May 30, but was postponed to July 10 as regulators dealt with...

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