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China's Guangdong carbon market, world's second biggest, to start in December

2013-11-27 06:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Guangdong, China's most populous province with more than 100 million people, is to launch a carbon permits market next month that will be the world's second biggest after the European Union. China, the world's biggest emitter of greenhouse gases, has pledged to reduce its carbon dioxide emissions per unit of GDP by up to 45 percent by 2020. Shanghai launched a carbon market on Tuesday and Beijing follows on Thursday. The scheme in heavily industrialized Guangdong will cap carbon dioxide emissions...

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