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China studying absolute CO2 cap: official

BEIJING (Reuters) - China is currently researching an absolute carbon dioxide cap for certain regions, Su Wei, director general of the China Climate Change Office of the National Development &...

BEIJING (Reuters) - China is currently researching an absolute carbon dioxide cap for certain regions, Su Wei, director general of the China Climate Change Office of the National Development & Reform Commission, said on Thursday.

A cap would be a first step in setting up a national trading scheme.

Su said that the next five years would be crucial in China's efforts to create a carbon market to help meet its targets on reducing carbon and energy intensity.

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