China's carbon trading market hobbled by unanswered questions

China's carbon trading market hobbled by unanswered questions

The Straits Times - Asia·2021-02-08 15:02

(CAIXIN GLOBAL) - China has, for the first time, asked domestic companies to shoulder the responsibility for controlling the country's greenhouse gas emissions by buying and selling emission quotas on a unified national carbon market.

The sheer scale of the problem could create the world's largest carbon trading market, but big structural factors stand in the way.

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