Written By: Anthony R0bins - Date published: 11:04 am, May 26th, 2013 - 24 comments
Categories: climate change, ETS, International, leadership - Tags: brazil, carbon trading, china, green technology, India
A while back I wrote a post noting China’s advances in green technology. It finished by expressing the hope that China would move on carbon emissions. Maybe I am going to see my wish granted.
Beijing’s thaw over greenhouse gases seen as major step in battling climate change
The battle against global warming has received a transformational boost after China, the world’s biggest producer of carbon dioxide, proposed to set a cap on its greenhouse gas emissions for the first time.
Under the proposal China, which is responsible for a quarter of the world’s carbon emissions, would put a ceiling on greenhouse gas emissions from 2016, in a bid to curb what most scientists agree is the main cause of climate change.
It marks a dramatic change in China’s approach to climate change that experts say will make countries around the world more likely to agree to stringent cuts to their carbon emissions in a co-ordinated effort to tackle global warming.
Nation’s first trading scheme in the southern city of Shenzhen will cover 638 companies when it begins next month
The trading scheme will cover 638 companies responsible for 38% of the city’s total emissions, the Shenzhen branch of the powerful National Development and Reform Commission (NDRC) announced on Wednesday. The scheme will eventually expand to include transportation, manufacturing and construction companies.
Shenzhen is one of seven designated areas in which the central government plans to roll out experimental carbon trading programmes before 2014.
On Monday, the Chinese newspaper 21st Century Business Herald reported that the NDRC has discussed implementing a national system to control the intensity and volume of carbon emissions by 2020. The agency expects China to reach its carbon emissions peak by 2025, five years earlier than many recent estimates, according to unnamed sources quoted in the article.
Too many “Western” countries use lack of action from big emitters (China, India, Brazil) as an excuse for doing nothing. Well that excuse just got a whole lot thinner. And the pressure on India and Brazil just stepped up.