What we do and don’t know about China’s long-awaited emissions trading system

When will the market become functional, how will it work, and will it be effective?

China’s long-awaited and much-hailed emissions trading scheme (ETS) is expected to be a major contributor to the government’s ambitious emissions reduction targets and aspirations to become an “ecological civilisation”. This will be no mean feat; responsible for 27% of global gre…

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