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China to launch national cap-and-trade plan in 2017, US announces

2015-09-25 15:20:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The move, announced on the eve of a summit in Washington between Presidents Barack Obama and Xi Jinping, would make China the worlds biggest carbon market, overtaking the European Union, and could strengthen global efforts to put a price on carbon. White House officials said the cap-and-trade plan would be formally announced on Friday along with a very substantial financial commitment from China to help the worlds poorest countries fight climate change. The US has already pledged $3bn to...

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