Global carbon dioxide emissions rose 3 percent to 34 billion tonnes in 2011, according to a new EU report, undermining a U.N. goal to limit the rise in global average temperatures to 2C above industrial levels by 2050.

Beijing, July 22: China will start carbon trading in domestic businesses during the next five-year plan beginning in 2011 with an aim to reduce carbon emission.

The decision was made at a closed-door