Global news: China taking the carbon lead

Photo / Getty
Photo / Getty

China has laid out an ambitious road map to reduce emissions by 40-45 per cent by 2020, including the world's largest national carbon trading scheme.

Speaking at the Australia-China Climate Change Forum in Sydney recently, Vice-Chairman Xie Zhenhua detailed plans for seven pilot carbon trading schemes to be operating before the end of this year, the decommissioning of scores of "dirty" outdated industrial plants and coal-fired power stations and investments in non-fossil fuel energy sources, including nuclear, wind and solar power.

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