I think China will become the most powerful country in coming years, as the US and its alliances are experiencing slow-down economic rate and debt-crisis.
The powerful country roles as trend setter in world economic movement, including in carbon trade. Environmental commodities such carbon, are important measures of world action to reduce climate change effects.
A global conference on carbon trade was held in Beijing in April 1-2, 2009. China Carbon Trade Summit 2009 responses the emerging global market of carbon trading. Reports says estimation of global carbon trading market size will reach US$150 billion by 2012. This market potentially reach US$ 3 trillion over the next 20 years.
I note about the commitment of China in carbon trade. According to the recently official report published on Aug 1st, 2008 that, until 2012 the CERs volume in Asia will account for 81.1% of the world. In Asia alone, Chinna will reach for about 61% .
- West responsible for a third of China’s carbon emissions (businessgreen.com)
- China seeks export carbon relief (news.bbc.co.uk)
- Guardian Daily: The Apprentice Lite (guardian.co.uk)
- Fair Trade Marketing Comes to Carbon Offsets (environmentalleader.com)