China is planning to expand its cap and trade programm and there has been estimates that the expanding could mean nationwide during next year. The country´s official said to Xinhua today at the Barcelona Carbon Expo that China is developing its ETS programm and enhancing its new low carbon technology list further. These actions are seen as steps towards the UN Paris Climate Change talks in December.

During the CarbonExpo, the World Bank published an estimate which shows that the global value of carbon pricing instruments are at 48 billion dollars. For example the Korean ETS system and the expansion of California and Quebec cap and trade programs have helped the markets to grow.

 

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