China Could Begin Carbon Trading in 2014

China could begin carbon trading as early as 2014, according to a Bloomberg report.

The government is considering a system that would require companies to reduce carbon emissions per yuan of profit, instead of setting hard targets. 

Chinese companies would trade carbon credits in a market overseen by the government. 

Meanwhile, India may allow power companies to begin trading renewable energy credits this year, creating a mark that may be worth up to $16 billion in five years. 

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