China is set to announce the creation of a national carbon trading system to reduce the country's greenhouse gas emissions, White House officials said on Thursday evening. The system would be the world's largest such program in the world, dwarfing ones currently in place in California, Europe and parts of Canada
The program is set to go into effect in 2017, and will be announced at the White House on Friday at a midday joint press conference between President Xi Jinping of China and President Obama
The new program is considered vital to securing an ambitious global warming agreement in Paris in December, since China is the top greenhouse gas emitter on the planet, and the U.S. is in the No. 2 spot. The announcement deflates a recent Republican talking point, with several presidential candidates arguing that the U.S. should not take steps to reduce its emissions because China is not taking costly actions of its own. Read more...
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Source: Mashable http://ift.tt/1FluFQy
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