China Denies Breach of CO2 Rules Cited in Confidential Document - Bloomberg

Among 11 chemical plants in China that receive emission credits for cutting one of the most-potent greenhouse gases, nine curbed production after reaching an allowable cap, according to a Nov. 16 report attributed to the United Nations and marked “confidential.” That may suggest they were maximizing credits rather than filling demand for product, the document said. UN officials declined this week to authenticate the document, obtained by Bloomberg News.