Tuesday, June 18, 2013

China starts emissions trading

Today the city of Shenzen began the first of China's seven pilot emission trading schemes.

China does things on a large scale. These 'trials' will cover more than double the emissions covered under Australia's natiional carbon price. No wonder China is ranked 3rd in countries most ready for a low-carbon economy.

PS. I remember writing about this in 2010. It's great that it has now come to fruition.
PPS. According to the Climate Institute, China's emissions are 5.6 tonnes per person. The figure for Australia is 27.5 tonnes per person. Clearly we have work to do.

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