China to launch cap and trade system to limit GHG emissions

Officials say plan will be launched by 2017.

September 25, 2015
by The Associated Press

WASHINGTON — US administration officials say China will announce plans Sept. 25 to launch a national system to limit greenhouse gases and force industries to purchase pollution credits.

The officials say Beijing plans to put the system known as cap-and-trade into place in 2017 as part of measures aimed to address climate change in co-operation with the US and others.

A statement to be released following the summit between President Barack Obama and his Chinese counterpart aims to flesh out how their two countries plan to achieve targets for cutting emissions set at a bilateral summit in Beijing last year.

The officials, who spoke on condition of anonymity so they wouldn’t pre-empt China’s official announcement, say it’s hoped the announcement will give impetus to a broader global treaty on climate change in December.

© 2015 The Canadian Press

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