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Carbon markets in China face permit surplus: Report
2014-01-22 10:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Economic Times: China's new carbon markets are likely to be over-allocated due to their heavy reliance on companies' own emissions data, making the permits inefficient as drivers of investment in cleaner technologies, a Beijing-based green group said. The world's biggest emitter of planet-warming greenhouse gases has in recent months become the second biggest market after the European Union for trading of emission permits. Five cities and provinces in China have launched schemes that regulate carbon dioxide...
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Category:Electronics and Electrical