Ah, the irony of it all, as the communists go where the capitalists fear to tread. From the AFR:
China is accelerating plans to introduce a national carbon trading market, with a framework expected to be in place by 2016, as the government puts environmental policy at the top of its agenda.
The National Development Reform Commission said over the weekend it would finish its draft rules for how the scheme would work by the end of this year and send them to the State Council, China’s cabinet, for approval.
It then expects to set emissions caps and allocate carbon credits under a national framework. Some provinces would be ready to operate under the new system by 2016 but others would be given more time to prepare, Sun Cuihua, a senior NDRC climate official told a conference in Beijing.
…China is also working closely with the US on climate change policy in the lead-up to the 2015 Paris meeting, where an agreement for cutting emissions after 2020 will be negotiated. The US is pushing to have climate change included on the agenda for November’s G20 leaders summit in Brisbane.
LOL.
