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Fifteen Programs Show CO2 Trade Taking Off: World Bank

New carbon programs in at least 15 emerging nations from China to Costa Rica show emissions trading may take off even as U.S. lawmakers focus on non-market-based regulations for climate protection, a World Bank official said.

Eight countries including Mexico and Indonesia are considering emissions-crediting systems, five mull domestic carbon markets while India and South Africa are studying their own plans, Xueman Wang, team leader for the bank’s Partnership for Market Readiness program, said in an interview.