October 1, 2015
On September 25, 2015 Chinese President Xi Jinping announced that China, the world’s biggest carbon polluter, will develop a carbon trading system as a way to reduce the country’s greenhouse gas emissions.
The announcement, made jointly with U.S. President Barack Obama, comes as both countries prepare to strike a global carbon emissions agreement at the Paris climate negotiations in December. The U.S. and China are the top greenhouse gas emitting nations in the world.
China plans to launch the world’s largest emissions trading program in 2017, creating a carbon market for electric power generation, steel, cement and other industries producing most of the country’s greenhouse gas emissions. The program is meant to complement the Obama administration’s Clean Power Plan, which was finalized in August and aims to slash carbon emissions from electric power plants by 32 percent below 2005 levels by 2030.
What this means to you
China plans to launch the world’s largest cap-and-trade program in 2017 in a move to complement Obama’s Clean Power Plan and work together to cut carbon emissions.
MIRATECH can help
Contact MIRATECH to learn more about emission controls for your engines.