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China carbon market to launch in 2016 following US emissions deal
2014-11-25 11:58:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: China will start a nationwide carbon market within the next two years as part of a pledge to cap emissions by 2030. The mechanism is due to start in 2016 and rules for trading permits through the cap-and-trade scheme may be announced by the end of this year, Bloomberg reported Su Wei, an official at the climate change department under the National Development and Reform Commission, as telling a press conference this week. President Xi Jinping agreed a landmark deal with US counterpart Barack...
China Plans National Carbon Market by 2016 Amid Emission Pledge
2014-11-25 10:05:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: China, the worlds largest greenhouse gas emitter, plans to start a nationwide carbon market in the next two years following a pledge to cap emissions by 2030. Opening in 2016, the market would have matured by 2020, Su Wei, an official at the climate change department under the National Development and Reform Commission, said today at a press conference in Beijing. China, which is working on an absolute control plan for carbon emissions, may announce rules for carbon-permit trading as early as...
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In Step Lower Carbon Emissions, China Will Place Limit on Coal Use in 2020
2014-11-21 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: China plans to set a cap on coal consumption in 2020, an important step for the country in trying to achieve a recently announced goal of having carbon dioxide emissions peak by around 2030. The State Council, Chinas cabinet, released details of an energy strategy late Wednesday that includes capping coal consumption at 4.2 billion tons in 2020 and having coal be no more than 62 percent of the primary energy mix by that year. Worldwide, coal burning for industrial use is the largest source of...
China climate negotiator defend flexible carbon target
2014-11-14 08:32:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: China's top climate change negotiator on Friday defended the vagueness of Beijing's target to peak carbon emissions "around 2030", suggesting developed nations may need to make more ambitious cuts. China, the world's biggest emitter of carbon dioxide which scientists say causes global warming, has resisted pledging to cut emissions but this week announced a rough date by which it aims to stop them rising. "The state of our economy in 2030 is still uncertain, so as a responsible country we also...
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U.S. & China, world's biggest carbon polluters, announce new climate goals
2014-11-12 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
InsideClimate: The United States and China announced new goals for reducing their global warming pollution in the coming decades, with the U.S. ramping up its rate of decarbonization in five to 10 years and China promising that its carbon emissions will peak in the next 15 years. The announcements, which came at a multinational summit in Beijing Tuesday, made clear for the first time the commitments that the two biggest sources of greenhouse gases will make as part of the urgent United Nations negotiations....
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