China will beat US to cap-and-trade scheme says Bluenext
“China will have a cap-and-trade scheme before the US and we will hear some statement from China on this at Copenhagen,” Philippe Chauvancy, director of sales at Paris-based exchange Bluenext predicted during a panel discussion at the Carbon Show in London on September 29.
"I do see room for a cap-and-trade scheme in the US but China has been investing heavily. It has the money, the people and the resources, and it will do something," Chauvancy said.
Chauvancy's comments met with some disagreement from other members of the panel, with Patrick Birley, chief executive of European Climate Exchange, saying he expected the US would be first with China following soon after. However, he did say China is in a better position than the US as it has the political will to be
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