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China national carbon market on track for 2016 launch

2014-09-02 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: China's ambitious plans to introduce a national carbon market remain firmly on track, after a senior government official indicated the planned emission trading scheme will kick off in 2016. Reuters reported this week that the Chinese government is planning to approve the necessary legislation before the end of this year, paving the way for the launch of a national carbon market in 2016. The news agency quoted Sun Cuihua, a senior climate official with the National Development and Reform Commission,...

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