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China and Mexico roll out carbon trading schemes

2013-11-27 01:28:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Efforts in China and Mexico to boost investment in low carbon goods and services took a major step forward with the unveiling of three new carbon trading schemes. China yesterday extended its pilot carbon trading schemes to Beijing and Shanghai, where major emitters will now be forced to pay for any greenhouse gases they emit above a certain quota by purchasing carbon credits. The schemes are the second and third of seven pilots expected to launch in China after a similar scheme began in Shenzhen...

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