Note reveals China's central bank working on cap and trade scheme
9 Jun 2008
China's central bank has drawn up a tentative outline for a domestic emissions trading scheme that could cover everything from greenhouse gases to water pollutants, and speed the country's push for greener growth.
According to a Reuters' report, it is the first sign that Beijing is seriously considering a comprehensive national strategy to force its companies to either control their pollution or pay for their excess, as it struggles to meet its own tough environmental goals.
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