WB expert: China plays positive role in global carbon pricing market
China.org.cn / chinagate.cn by Jiao Meng, September 26, 2014 Adjust font size:
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Garo Batmanian, lead environmental specialist at the World Bank China Bureau, forecasts that China will play a positive role in shaping the global carbon pricing market, in an interview with Chinagate.cn. [Guo Houjie / Chinagate.cn] |
Garo Batmanian, lead environmental specialist at the World Bank China Bureau, forecasted that China will play a positive role in shaping the global carbon pricing market in an interview with Chinagate.cn.
A “Carbon pricing leadership coalition” is being established this week: seventy-three national and 11 regional governments responsible for 54 percent of global greenhouse gas emissions and more than 1,000 companies and investors have expressed their support, the World Bank Group announced on Monday.
The growing support clearly shows that carbon pricing, whether through carbon taxes, emissions trading systems or other means, is both a necessary part of the solution to drive investments in a cleaner economy and a foundation upon which other climate actions can be built.
“China has several pilot programs in carbon emission trading, which is already ranked the second-largest market in the world. And later this model may be copied nationwide,” Garo said.
“The Chinese government has expressed its interest to the president of the World Bank that it wants to work with the World Bank and other countries to find a way to establish a carbon pricing system on the global level,” he revealed.
