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China keen to avoid CO2 rollercoaster ride

Fri, 07/20/2012 - 1:25am
Reuters

BEIJING, July 20 (Reuters Point Carbon) - Price control mechanisms and tightly regulated markets are among the measures China is considering for its emissions trading schemes in a bid to avoid the price volatility and scandals that have hit Europe's $148-billion scheme.

As seven cities and provinces in China are preparing to launch the country's first emissions trading schemes to halt the nation's spiraling greenhouse gas emissions, the international carbon market is reeling from a huge over-supply and record low prices.

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