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Iran plans carbon emissions trading market, official says

2014-02-17 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Iran plans to set up a carbon trading market to reduce industrial emissions of climate-warming gas, an official from Iran's Fuel Conservation Organization (IFCO) told oil ministry news service Shana. Iran has some of the world's largest gas reserves and is major crude oil exporter. But rapidly rising domestic demand has created a gas supply and vehicle pollution crisis in some cities. Although Iran has some large hydro-power plants, heavy subsidisation of fossil fuels means there is little incentive...

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