China has embarked on one of the largest endeavours in climate economics ever, to establish a national carbon emission trading system by 2015. As a first step, carbon-trading pilots have been initiated in seven provinces and cities.

This report is the result of a year-long research project driven by a quest for better understanding on how the emerging BASIC powers – Brazil, South Africa, India and China – approach international climate negotiations as a group.

In order to strengthen cooperation on and deepen analysis of issues related to sustainable development, the Swedish Government
has set up an advisory Commission on Sustainable Development.
The Commission serves as a forum for discussion, analysis and