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China likely to allow banking pilot CO2 permits, reduce free allocation

2016-03-23 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Carbon Pulse: China is likely to let allowances from the pilot carbon markets be banked to the national emissions trading system, but at the expense of reduced allocation levels, the markets lead architect said Wednesday. China is likely to let allowances from the pilot carbon markets be banked to the national emissions trading system, but at the expense of reduced allocation levels, the markets lead architect said Wednesday. Chinese carbon traders are awaiting clarity on the fate of millions of surplus...

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