China Plans to Complete Climate Change Draft Law in Two Years
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China plans to draw on the experience of seven regional carbon markets as it drafts new national legislation in one or two years, according to the country’s lead climate negotiator.
The nation, the biggest emitter of greenhouse gases linked to global warming, will “actively promote” the legislation, Xie Zhenhua, vice chairman at the National Development and Reform Commission, said yesterday in Beijing. “Shanghai and Shenzhen are trying to set rules for carbon trading,” providing expertise for the nation, he said.