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Beijing Opens Carbon Trading Scheme to Fight Emissions

Beijing became the third Chinese city to launch a carbon trading scheme on Thursday, hoping to better regulate soaring CO2 emissions from its main power generators and manufacturers. First trades are reported to have gone through at 50 yuan per permit. The capital’s scheme follows newly established markets in Shenzhen and Shanghai, with Guangdong province set to open one in December that will be the second-biggest in the world after the European Union. The regional markets...

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