The targeted industries in China include power generators, steel and cement producers, and other industrial sectors. Program will incentivize major polluters to reduce emissions by handing out a limited number of permits based on a national emissions cap.
Smaller polluters left with extra permits can sell their excess permits to the biggest polluters, thereby making an extra profit. China is already piloting the program in several provinces. With $89 billion invested in clean energy projects in 2014, China is already the world’s biggest investor in this sector, according to research organization Climate Central. Read more at http://www.csmonitor.com/
