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Low prices raise concerns China carbon market

2016-01-29 15:35:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The development of a national carbon market in China is perhaps the biggest single tool for slashing greenhouse gas emissions in the world. According to UK envoy Sir David King, who recently returned from Beijing, it could ultimately link up with the EUs emissions trading system (ETS). But recent data from Chinas seven regional pilots shows a surplus of allowances is depressing the carbon price as happened in Europe. That makes it a weak signal for investment in clean technology. The...

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