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China prepares to open national carbon market

Posted on 21 November 2016

In the wake of Donald Trump’s surprise victory in the US presidential election, and his refusal to recognise climate change, China’s new carbon market is attracting particular attention. China’s move is not just one of the most important outcomes of the US-China bilateral climate talks – it may be the most watched national climate change move since the Paris Agreement came into force.
In the short-term, experts are not expecting China’s national carbon market to be perfect. They say it will take several years of growth before it delivers emissions reductions, and that the most urgent task is to put the market mechanism in place quickly so that its operation can be studied and improved……………………………………Full Article: Source


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