'Cap-and-Trade' in China
Despite the refusal of conservatives in the United States Congress to believe in the harmful effects of rising greenhouse gases, the rest of the world seems to be trying to do something about it, particularly China, which has surpassed the US as the world’s biggest emitter of carbon dioxide gases. The latest development came earlier this week when the Asian Development Bank (ADB) announced it would provide a US $750,000 equivalent grant to help China establish a pilot provincial emissions trading system that could pave the way for a national scheme and lower greenhouse gas emissions in the country.
Despite the refusal of conservatives in the United States Congress to believe in the harmful effects of rising greenhouse gases, the rest of the world seems to be trying to do something about it, particularly China, which has surpassed the US as the world’s biggest emitter of carbon dioxide gases. The latest development came earlier this week when the Asian Development Bank (ADB) announced it would provide a US $750,000 equivalent grant to help China establish a pilot provincial emissions trading system that could pave the way for a national scheme and lower greenhouse gas emissions in the country.
