| To help reduce harmful emissions among its highest polluting industries, China will launch the world’s largest national carbon trading program in 2017. It announced the commitment on Friday in a joint statement with the United States, which also outlined plans to reduce industrial emissions by 32 percent by 2030.
This was welcome news from the world’s largest greenhouse gas producer, but many were left wondering whether the cap-and-trade incentive system, which has had mixed results around the world, will work there, particularly because of China's precarious economy...............................................Full Article: Source |