China’s National Emissions Trading Set to Begin

HONG KONG—China will launch a national emissions-trading program on Friday, according to people familiar with the matter, creating the world’s largest carbon market and doubling the share of global emissions covered under such programs.

The carbon market will help the country lower greenhouse-gas emissions and achieve its goal of reaching peak emissions before 2030 and carbon neutrality, or net zero emissions, by 2060, officials said at a news conference Wednesday. China is theThe program will initially involve 2,225 companies in the power sector. Those companies are responsible for a seventh offrom fossil-fuel combustion, according to calculations by the International Energy Agency.

Under the trading program, emitters such as power plants and factories are given a fixed amount of carbon they are allowed to release a year. They can in turn buy or sell those allowances. That pushes emitters to think of controlling and reducing emissions in terms of a market.To Read the Full Story

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They have no ceiling until 2035 per the Paris accord. That's why their selling smog.

This photo is special. China use the most bicycle e-bicycle and e-car, but the sky still twilight

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Too late. Try to evolve fins. The water's rising.

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