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ADB to help Shanghai design CO2 market

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Publication Date: 
August 7, 2012
Author: 
Stian Reklev and Kathy Chen
News Source: 
Point Carbon

BEIJING, Aug 7 (Reuters Point Carbon) - The Asian Development Bank is this month expected to approve a $500,000 project to help the Shanghai municipal government develop its carbon emissions trading scheme.

Shanghai, China’s richest city, last month released draft rules for its CO2 market, which will impose emission caps on some 200 companies across 17 sectors.

 
But the government has asked Asia’s main multilateral bank for assistance in developing carbon finance products for the emerging market.

 

 

Read the full story from Point Carbon here

 

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