Reuters: China Takes Cautious Step Towards Carbon Emissions Trading
06/18/2013 - China launched its first pilot carbon emissions exchange on Tuesday 18 June 2013, though plans for a nationwide rollout and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world's No. 2 economy, Reuters reports.
High-emission industries such as aluminum and steel are likely to resist higher costs as they are already battling weak prices due to tepid demand and a persistent supply gut.
"It is a very big concern for Beijing and for local governments - how to strike a balance between controlling emissions and maintaining economic growth especially amid a general slowdown in the economy," said Shawn He, lawyer and carbon specialist at the Hualian legal practice in Beijing…
