
Carbon Trading in PRC Could Spur Others, Lead to Cross-Border Markets
The announcement that the People's Republic of China will set up a national emissions trading market in 2017 is a game-changer that could prompt similar moves elsewhere.
The announcement that the People's Republic of China will set up a national emissions trading market in 2017 is a game-changer that could prompt similar moves elsewhere.
Hunan, a major manufacturing hub in the PRC, recently launched a low-carbon technology incubator to offset environmental degradation and rising greenhouse emissions, and wants to become a model for developing Asia, where the business case for cleantech is emerging.
There is still long way to go to reach a final agreement for effective climate change action in 2015, but the COP20 in Lima was an important step forward.