Subscribe free to our newsletters via your
. Energy News .

China posed for carbon emissions scheme
by Staff Writers
Beijing (UPI) May 17, 2012

disclaimer: image is for illustration purposes only

The outcome of China's planned carbon emissions scheme could have a transforming effect on efforts to tackle climate change, experts say.

China is preparing to run pilot carbon trading schemes beginning in 2013 in Beijing, Shanghai, Tianjin, Chongqing, Shenzhen, Hubei and Guangdong , major cities with a combined population of 250 million people.

The government's goal is to introduce a national trading scheme by 2015, just two years after the seven pilot programs are scheduled to be in place.

"For us to finish this in two years is a huge amount of work," Mei Dewen, chief executive of the China Beijing Environmental Exchange told the Financial Times.

"A carbon trading market is a very complex system."

Because of China's size and rate of economic growth, the outcome of its pilot carbon trading schemes is "one of the most important questions of environmental policy of our time," states a Stockholm Environment Institute study published last month.

Just in the past six months, four economies have approved emissions schemes: Australia, South Korea, the Canadian province of Quebec and California, the only U.S. state to do so.

But the United States, the world's second biggest carbon polluter, has been reluctant to adopt an emissions scheme before its economic rival China.

"If the Chinese end up with a national scheme that is compatible with the EU's emissions trading system, it's game over for the rest of the world," Tim Yeo, a British Conservative Party MP who chairs the U.K. Parliament's energy committee, was quoted as saying by the Financial Times.

"Everyone will have to do it, including the U.S."

Australia's Climate Change Minster Greg Combet has said that once South Korea and China begin trading carbon, then there could eventually be an integrated Asia-Pacific system which could include Australia, New Zealand, California and parts of Canada.

The world's largest emitter of carbon dioxide, China accounts for almost 25 percent of global carbon pollution and about 50 percent of the annual increase of energy-related emissions forecast for the next 20 years.

Just before the 2009 Copenhagen, Denmark, climate change summit, China pledged to decrease its carbon intensity 40 to 45 percent below 2005 levels by the end of this decade, while switching to non-fossil fuels for about 15 percent of its energy.

However, a new study shows that China will fail to meet its carbon and energy intensity targets unless it makes significant changes to its electricity grid, which is more likely to connect to coal than to renewables.

"The most important thing in the world for meeting carbon goals is what China does in its overall energy policy in the next 10 years," William Chandler, lead author of the study and director of Energy Transition Research Institute in Maryland, told ClimateWire.


Related Links

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Major Environmental Treaty Tackles Black Carbon as Climate Pollutant
Washington DC (SPX) May 17, 2012
Black carbon, the second most potent climate pollutant, has been targeted by the Convention on Long-Range Transboundary Air Pollution (CLRTAP), making it the first international treaty to act on the critical link between climate change and air pollution. Once it enters into force, the black carbon amendment requires the development of national inventories and requests each party to "give p ... read more

Japan urges lower energy use amid shortage fears

A practical guide to green products and services

The quick and easy way to measure power consumption

China posed for carbon emissions scheme

East Med. gas: Turks warn Israel over jet

Former U.S. diplomats: Reduce foreign oil

Beijing keeps busy with maritime disputes

Philippines stops protest trip to disputed shoal

US DoI Approves Ocotillo Express Wind Project

Opening Day Draws Close for Janneby Wind Testing Site

NASA Satellite Measurements Imply Texas Wind Farm Impact on Surface Temperature

Scientists find night-warming effect over large wind farms in Texas

EU solar boom sees doubling of capacity

Eclipsall Awarded Contract to Supply Solar Panels to Ugandan Government

European Union PV market largest worldwide

US slaps big duties on Chinese solar cells

S. Korea nuclear contractor jailed for parts scam

Firms fear summer meltdown in nuclear-free Japan

Japan's TEPCO posts $9.76 bn full-year net loss

New Romanian PM keen to expand nuclear plant

Maps of Miscanthus genome offer insight into grass evolution

Relative reference: Foxtail millet offers clues for assembling the switchgrass genome

Lawrence Livermore work may improve the efficiency of the biofuel production cycle

Discovery of plant proteins may boost agricultural yields and biofuel production

China's space women wait for blast-off

Shenzhou 9 to be ready for mid-June launch?

China confirms plans to build own orbital station

Building a Heavenly Palace in outer space

Cattle dying, fields scorched as drought strikes Senegal

'Citizen science' tracking climate change

Measuring CO2 to fight global warming

UN talks take first steps on 2015 climate deal

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement