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China eyes sulphur dioxide emissions trading

China is planning to launch an emissions trading scheme as early as next year that would require power plants to pay 7 billion yuan a year (US$880 million) for the right to emit sulphur dioxide, the South China Morning Post reported.
Under the proposal, part of a drive to cut sulphur dioxide emissions by 10% by 2010, power stations would pay 630 yuan (US$80) a tonne for the quotas, the Hong Kong paper quoted an environmental adviser to the central government as saying.

 China is the world's biggest emitter of sulphur dioxide. Coal- and oil-fired power stations were responsible for 11 million of the 25 million tonnes discharged last year, which caused acid rain that affected a third of the country.

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