Ever since the national-level carbon trading system was rolled out on July 16, 2021, the basic structure of the carbon market has been shaped in China, helping companies reduce greenhouse gas emissions, accelerate their green transformation and provide a benchmark for carbon pricing.
Ever since the national-level carbon trading system was rolled out on July 16, 2021, the basic structure of the carbon market has been shaped in China, helping companies reduce greenhouse gas emissions, accelerate their green transformation and provide a benchmark for carbon pricing.
Carbon offset markets are helping to address global warming. Prices for these permits, known as EU carbon allowances (EUAs), have risen steeply over the last decade. Investors can invest in physically-backed carbon credits through SparkChange Physical Carbon ETA ETC.
The increase in volume will come as the country’s national Emissions Trading Scheme (ETS) takes shape. The scheme is expected to undergo several upgrades this year to meet China’s carbon peaking and carbon neutrality goals.
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