A platform allowing businesses in the southern city of Shenzhen to - TopicsExpress

A platform allowing businesses in the southern city of Shenzhen to trade permits to emit carbon was established on Sunday, and trading began on Tuesday. China plans to open similar schemes in seven areas including the capital Beijing, the major commercial centre of Shanghai, the port city of Tianjin and Guangdong province before 2014, in what analysts say is a step towards a nationwide carbon market. The pilot programs will cover areas in which tens of millions of people live and cover far more emissions than the entire carbon market in Australia.

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