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Integrated agreement the only way to resolve climate change : Comments
By Darcy Gilligan, published 22/11/2013Support favouring climate action is surging across the globe. Domestic public demand for action is exceptionally high, and this has proven true in the latest talks at the current United Nations climate talks in Warsaw.
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Perhaps someone should tell China that carbon pricing is on the way out.
http://www.climateinstitute.org.au/articles/media-briefs/china-launching-two-more-carbon-markets.html
"This year China has ramped up its efforts to cut carbon and air pollution through carbon trading, renewable energy investment and caps on coal use. Various industry analysts predict that Chinese coal consumption could peak by 2020 and then decline.
Carbon markets in Shanghai and Beijing to launch in coming days.
It is expected that Shanghai will launch an emission trading scheme on 26 November, covering approximately 190 companies emitting 110-150 million tonnes of carbon dioxide (CO2). The Beijing market is set to begin on 28 November, and will cover more than 400 companies responsible for emissions from power, industry and large buildings.
China’s developing carbon markets
China is developing at least seven pilot emission trading schemes. China’s first ETS began in June, in the city of Shenzhen (pop. 7 million). The Shenzhen market covers over 800 private and public organisations responsible for 31 million tonnes of carbon pollution, or about 40 per cent of the city’s emissions."
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