The European Union is setting up a project to help China begin trading emissions in about eight cities, a collaboration that transcends an impasse between rich and poor nations over the future of the Kyoto Protocol.
A work program between the 27-nation bloc, which runs the world’s biggest emissions market, and China will cover regulations, verification and registries that track ownership of carbon allowances, Jos Delbeke, head of the European Commission’s climate unit, said in an interview yesterday at global climate talks in Cancun, Mexico.
