| China is planning to roll out a national greenhouse gas emissions trading market by 2017, creating the world's largest market for carbon. For the program to be effective, however, a greater focus on the creation of a market economy and a deeper political commitment to the environment will be essential.
In particular, the government must wean highly polluting industries off state subsidies. The establishment of a carbon market is widely viewed as confirmation that China is moving toward greater use of market-oriented approaches in national policy..........................................Full Article: Source
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