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China to open first national carbon market

Posted on 24 November 2016

China is planning to open a national carbon market next year, and the consequent scale of this market is expected to enable emissions reductions from 2020. According to experts, the market is particularly important as it will be the first of its kind to be set up at a national scale.
The market is expected to be in the range of 3-5 billion tonnes of carbon allowances per year in the beginning, which is a lot more than the EU-ETS scheme – currently the largest carbon market in the world with two billion tonnes of allowances…………………………………Full Article: Source


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