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Asia-Pacific

China Issues Final Rules Governing National Carbon Market

Provincial authorities to set carbon emissions caps for first time; also charged with verifying greenhouse gas emissions reports.

China’s MEE (Ministry of Ecology and Environment) has issued new rules governing carbon emission rights trading in the country. China launched a pilot carbon trading market in seven provinces and cities, including Beijing. The new rules, issued following a consultation in November, pave the way for the construction of a nationwide…

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