Sunday, September 23, 2012

China to Create Emission Trading System, Link to European Union

Read this story in full at Clean Technica : http://cleantechnica.com/2012/09/21/china-will-create-emission-trading-system-link-to-european-union/

China, the world’s largest emitter of carbon dioxide, has signed a financing deal with the European Union to reduce greenhouse gases through a variety of projects, including developing an emission trading system to link with the EU’s Emission Trading Scheme (ETS).

This agreement, announced yesterday at an EU–China summit, includes €25 million ($32 million) in financing and technical assistance for three sustainability and waste reduction pilot projects over four years.

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