In March 2011, Chinas National People's Congress approved the country's 12th 5-year plan which proposes to "gradually establish a carbon trading regime". Freshfields' Connie Carnabuci and Christian Zeppezauer explore the likelihood of a carbon cap-and-trade regime being established in China in the near future. For China, building a thriving economy based on low carbon growth is not just an environmental imperative but a route to further prosperity as the country is facing a very real resource limit and has also the clear intention of remaining economically competitive through technological innovation.
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