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China launches world second-biggest carbon-trading market

2013-12-20 22:47:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: If you find yourself passing through the Chinese city of Guangzhou with 61 renminbi burning a hole in your pocket, you could drop by the world`s newest and bound-to-be-second-largest carbon-trading market and pick up a carbon credit as a souvenir. The first day of trading at China`s fourth carbon-trading market was described as brisk on Thursday. A cement company kicked things off, buying 20,000 carbon permits from an energy company in early trading at the equivalent of about $10 a pop. Reuters...

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