China 2022-06-15T04:47:23+03:00
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China's National Carbon Market Begins Trading

China's National Carbon Market Begins Trading

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China, ecology, PRC, environment, carbon emission
The Taiyangshan wind power station in the city of Wuzhong, northwest China's Ningxia Hui Autonomous Region. Photo by Xinhua/Guo Xulei.
The Taiyangshan wind power station in the city of Wuzhong, northwest China's Ningxia Hui Autonomous Region. Photo by Xinhua/Guo Xulei.

China's national carbon emissions trading market commence trading in July, 16, with all preparatory work ready, the Ministry of Ecology and Environment said, informed The Xinhua News Agency.

"The first batch of trading will be among the power companies, and market participants will be expanded to include other industries afterward", – Zhao Yingmin, vice minister of ecology and environment, told a press conference.

"The ministry will roll out regulations on the trading, and improve relevant standards and management schemes while expanding the trading varieties and methods", – Zhao said.

The carbon trading market is expected to be an important scheme for China to realize the goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

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