25 January 2012 08:31 [Source: ICIS news]
SINGAPORE (ICIS)--The Asian Development Bank (ADB) will help to design ?xml:namespace>
It will also assist in developing the trading rules and regulatory framework for a “cap-and-trade” based emissions trading system in
“This pilot [in
The Chinese government is also eyeing the provinces of
“Cap-and-trade based emission trading allows market participants to turn emission savings into a tradable commodity and provides market-based incentives for industries to reduce their use of carbon-emitting fossil fuels,” said the ADB.
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