GHG Monitor
9/12/2014
ON THE INTERNATIONAL FRONT
China intends to implement a nationwide carbon trading scheme in 2016, Reuters reported early last week. The country has been launching pilot markets in a regional structure for several years and will implement knowledge gained from those experiences into the national market. Once in place, the market would be world’s largest, significantly surpassing the size of the European emissions market, Reuters reports. The market would place a cap on carbon emissions from power plants and industrial facilities and require the purchase of a permit by any facility exceeding their limit.
