China May Have Carbon Trading by 2013, Sandor Says
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China, the world’s biggest energy consuming nation, may have a carbon trading system in place as soon as 2013, said Richard Sandor, one of the pioneers of the carbon credit market.
A cap-and-trade market in China may be in place by 2020 and could be functioning by 2013 to 2015, Sandor said at a climate change forum in Hong Kong today. He helped found London-based Climate Exchange Plc in 2003, agreeing to sell his stake in the company in April to Intercontinental Exchange Inc.