Q&A: What is China's carbon trading scheme?
Issued on:
16/07/2021 - 07:28
China relies on coal for 60 percent of its energy needs and since 2011 has burned more coal each year than the rest of the world combined, according to the US Center for Strategic and International Studies FRED DUFOUR AFP/File
4 min
Beijing (AFP)
China Friday launched the world's biggest carbon trading system to help lower carbon emissions, but critics and analysts have raised doubts about whether it will have a significant impact.
China is the world's biggest emitter of the greenhouse gases that drive climate change, and the scheme is part of its efforts to decarbonise its economy by 2060.