CLIMATE change adviser Ross Garnaut says China is experimenting with carbon trading in large cities as it knows that's the cheapest way to reduce emissions. The economist held talks on Monday with the man responsible for China's climate change policies, Xie Zhenhua, in advance of ministerial-level meetings.
Professor Garnaut said carbon trading was being tested in five provinces and in three cities: Tianjin, Shanghai and Beijing. ''The way China tends to do these things is they try them out, sometimes in different ways, and if they seem to be working they adopt them nationally,'' Professor Garnaut told reporters. ''China's main emissions-reduction efforts are through fiscal and regulatory interventions.''
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