VIDEO: a warning from China that Australia could scuttle global carbon emissions trade
VIDEO: China warns Australia risks scuttlling global emissions trade Lateline Australian Broadcasting Corporation Broadcast: 30/05/2014 Reporter: Stephen McDonell
The head of China’s most advanced carbon emissions exchange says australia could scuttle the creation of a global system of carbon trading by dumping its scheme at a crucial time.
Transcript
EMMA ALBERICI, PRESENTER: The Vice President of China’s most advanced carbon emissions exchange says Australia could scuttle the creation of a global carbon trading system.
As Australia prepares to dump its emissions trading scheme, the world’s largest carbon emitter has set up a pilot plan, designed to form the basis of a China-wide network with the potential to link to those in other countries.
China correspondent Stephen McDonell reports from Shenzhen.
STEPHEN MCDONELL, REPORTER: Shenzhen was at the forefront of China’s opening up in the 1980s. It was given special economic status to spring board the country into a market system.
Today, the city is again being used as a Guinea pig but this time for carbon trading.
The Shenzhen carbon exchange is the first of a series of seven pilot schemes around the country to test how China might run a domestic trading system.
GE XING’AN, VICE PRESIDENT, CHINA EMISSIONS EXCHANGE: Carbon trading is going to have a huge impact on the economy and the companies. We have to first test whether the carbon trading suitable for different, each economic development area…….STEPHEN MCDONELL: Ge Xing’an is Vice President in Shenzhen. His organisation possibly hoping to one day run the entire national system goes by the English name China Emissions Exchange………
STEPHEN MCDONELL: Really, the entire global market might be jeopardised by Australia pulling out?
GE XING’AN: Of course. Of course. Australia is a very important player in the climate change issues and also the carbon market.
STEPHEN MCDONELL: Beijing and Shanghai have also just opened their exchanges but even the most optimistic observers say it could be more than five years until a China-wide trading system is established.
Stephen McDonell, Lateline. http://www.abc.net.au/lateline/content/2014/s4016127.htm
No comments yet.
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 
Leave a comment