A program to curb the increase of greenhouse gas emissions in China’s Guangdong province will probably be the largest of the nation’s seven test climate- protection systems, according to Bloomberg New Energy Finance. Guangdong is seeking to cut the amount of carbon emitted per unit of production in its economy by 19.5 percent in the five years through 2015, New Energy Finance said yesterday in an e-mailed research note. Other regions have lower targets, with Chongqing and Hubei set reductions of 17 percent. “At this stage, Guangdong is the one to watch, as it has an ambitious target and the highest emissions out of the seven pilot regions,” said Richard Chatterton, an analyst at Bloomberg New Energy Finance in London. “The planned pilots are currently light on detail, but the programs are likely to fit alongside non-market policies, potentially preventing fully fledged cap-and-trade,” he said today by phone. China, the world’s most populous nation and biggest emitter, is testing emissions-trading programs after global greenhouse gas output from fuel burning advanced 5.3 percent to a record 30.4 million metric tons in 2010, according to data published November by the International Energy Agency in Paris.
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