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World s biggest polluter debuts national emissions system, but limits remain lenient
AKANE OKUTSU, KIM JAEWON and CK TAN, Nikkei staff writers
July 19, 2021 06:02 JST | China
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TOKYO/SEOUL/SHANGHAI Asia s nascent market for buying and selling carbon emissions has been boosted after China, the world s biggest polluter, launched a long-awaited national trading system.
Trading began in Shanghai on Friday with an opening price of 48 yuan ($7.40) per ton of carbon, and the first deal traded at 52.78 yuan per ton. Some 160,000 tons worth 7.9 million yuan were traded. Local media Yicai reported that in five years time the market could reach 7 billion tons annually, with a market value of 600 billion yuan.
China steps up climate fight with emissions trading scheme thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
China steps up climate fight with emissions trading scheme
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16/07/2021 - 06:42 China has launched its long-awaited emissions trading system, a key tool in its quest to drive down climate change-causing greenhouse gases GREG BAKER AFP/File 4 min
Beijing (AFP)
China launched its long-awaited emissions trading system on Friday, a key tool in its quest to drive down climate change-causing greenhouse gases and go carbon neutral by 2060.
The scheme was launched with China, the world s biggest carbon emitter, seeking to take a global leadership role on the climate crisis in the lead up to a crucial UN summit in November.
Highly polluting China launches emissions trading scheme bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
China steps up climate change fight with carbon emissions trading scheme france24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from france24.com Daily Mail and Mail on Sunday newspapers.