China Unveils Ambitious Plan to Reduce Emissions | Council on Foreign Relations

Daily News Brief - December 19, 2017

“China has unveiled long-awaited plans for a carbon trading market that will cover some 1,700 companies in a move praised by environmentalists (FT).

The carbon trading scheme will initially cover only the power generation sector (NYT), which was responsible for about half of fossil fuel emissions in the country last year. Plans for the market, which would be the world's largest, seek to eventually include other sectors (Reuters) such as chemicals, paper-making, and steel. The chair of the country's development and reform commission did not say how permits will be allocated to firms or when trading will start. China surpassed the United States (Bloomberg) in 2006 as the largest emitter of carbon dioxide globally...

Daily News Brief - December 19, 2017

“China has unveiled long-awaited plans for a carbon trading market that will cover some 1,700 companies in a move praised by environmentalists (FT).

The carbon trading scheme will initially cover only the power generation sector (NYT), which was responsible for about half of fossil fuel emissions in the country last year. Plans for the market, which would be the world's largest, seek to eventually include other sectors (Reuters) such as chemicals, paper-making, and steel. The chair of the country's development and reform commission did not say how permits will be allocated to firms or when trading will start. China surpassed the United States (Bloomberg) in 2006 as the largest emitter of carbon dioxide globally...