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China's Chongqing cuts carbon permit supply

2015-03-11 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Companies obliged to reduce their carbon emissions in China's pilot carbon exchange in Chongqing will be allocated a smaller number of permits for 2014, with the government tightening its grip on the market to tackle climate change. Market regulators in the southwestern city of Chongqing handed out 116 million 2014 permits early this month, a decline of 7.2 percent compared with the amount issued for 2013, according to an announcement posted on the website of the local municipal development and...

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