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Call UN climate deal support carbon market links
2014-11-27 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Countries around the world are developing an array of different carbon taxes and trading systems to control greenhouse gas emissions. The more these can be joined up, experts say, the cheaper it will be to tackle climate change. This argument is gaining ground among businesses and developed economies, but advocates fear anti-capitalist Latin American states could use UN climate negotiations to block it. Dirk Forrister, CEO of the International Emissions Trading Association (IETA), says there...
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New Carbon Market Is Key Part of Climate Agreement, U.K. Says
2014-11-26 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: A new carbon market that will spur emerging nations to cut emissions is the key element of next years planned global climate accord, a U.K. official said. Winning United Nations support for a market that would give credits for emission reductions would be the most important part of any international agreement, Amber Rudd, parliamentary under secretary of state for climate change, said yesterday at a hearing at the U.K. Parliament in London. Rather than specify what nations must do, the meeting...
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...
Tags: national
china
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China aims high for carbon market by 2020
2014-09-12 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: China's national carbon market is likely to regulate 3-4 billion tonnes of carbon dioxide by 2020 and be worth up to 400 billion yuan ($72 billion), a government official said on Thursday, which would make it twice as big as the EU market, currently the world's biggest. The National Development and Reform Commission (NDRC), China's top economic planner, and the Asian Development Bank held a conference in Tianjin on Thursday, outlining initial plans for a nationwide market to slow down the rapid...
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china
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carbon
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