The world’s biggest polluter is going to need the world’s biggest carbon market in its fight against smog. China on Tuesday unveiled a trading system for carbon emissions that surpasses the European Union in size and scope, even after the Asian nation scaled back its ambitions for the programme. The announcement was a boost for global efforts to rein in the climate-warming pollutant, as the US pulls back from a leadership role and trading systems elsewhere are still struggling. “It is a big vote of confidence for climate change initiatives globally from the ...
China's carbon market still ranks as world's biggest
China has unveiled a programme that encourages companies to reduce their emissions so they can sell unused carbon allocations
Bloomberg Last Updated at December 19, 2017 21:33 IST