New Zealand will need to spend billions on projects cutting emissions in other countries to make up for what the Climate Change Commission says was a late start to cutting greenhouse gases at home.
China launched its national carbon trading market yesterday
If done right, it could be a big deal in the fight against climate change
Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 if the markets can work effectively.
China is the world’s largest emitter of greenhouse gases and its share of the world’s emissions output continues to climb.
As the Chinese government works to curb its environmental impact, policies like a carbon trading system could spur the adoption of new technologies, increasing demand for goods and services from domestic startups and tech companies around the world.