Greater China Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Greater China Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Julius Wong	10/13/2012 8:48:06 AM
	1 Recommendation of 8334

China Carbon Debut Defies Emission Doubters By Bloomberg News - Oct 12, 2012 China’s first steps to build what is destined to be the world’s second-biggest emissions market are boosting the prospects for fledgling programs from Australia to California. Four cement makers in China, the world’s biggest emitter, bought 1.3 million pollution permits for 60 yuan ($9.55) a metric ton last month in Guangdong. The province plans the largest of seven pilot programs for a proposed national market within three years. Exchanges will trade permits to emit an estimated 1 billion metric tons of greenhouse gases a year by 2015, close to half the volume in the European Union system. By setting its own emission limits and allowing polluters to buy and sell permits, China’s domestic market is set to dwarf its own participation in the UN market, Bloomberg New Energy Finance forecasts. The country’s commitment may also help break a logjam in global-treaty negotiations and support trade in Australia and the U.S., where opposition to carbon pricing is unwavering, according to Climate Bridge, which has developed projects in China since 2006. “What China is doing with its pilot scheme and ultimately with a national scheme sets a terrific example for the rest of the world,” said Alex Wyatt, the Melbourne-based chief executive officer of Climate Bridge and author of a report released yesterday with the Sydney-based Climate Institute.“Any suggestions by people in the West that China is not acting on climate change aren’t true.” siliconinvestor.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next