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China launches world's largest carbon market


China launches world s largest carbon market
By HOU LIQIANG in Beijing, HE WEI in Shanghai,HE WEI and LIU KUN in Wuhan |
CHINA DAILY |
Updated: 2021-07-17 07:51
Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China s Guizhou province. [Photo/Xinhua]
Overpassing EU s trading program, it covers over 4.5 billion tons of emissions
China on Friday inaugurated its national carbon market, a landmark practice that experts said will not only help accelerate the reduction in domestic carbon emissions, but also promote a broader global response to climate change.
The market currently includes over 2,000 companies in the power generation sector and covers over 4.5 billion tons of carbon dioxide a year. It replaces the European Union s carbon trading program as the world s largest such mechanism, according to the Ministry of Ecology and Environment. ....

Zhao Lijian , Roland Berger , Ren Hailong , Fred Krupp , Han Zheng , Zhao Xiaolu , Denis Depoux , Environmental Defense Fund , Environmental Defense Fund China , Foreign Ministry , European Union , Energy Exchange , China Minsheng Banking Corp , Ministry Of Ecology , Insurance Regulatory Commission , Southwest China , Vice Premier Han Zheng , Shanghai Environment , China Banking , ரோலண்ட் பெர்கர் , ஃப்ரெட் க்ரப் , ஹான் ஜெங் , சுற்றுச்சூழல் பாதுகாப்பு நிதி , சுற்றுச்சூழல் பாதுகாப்பு நிதி சீனா , வெளிநாட்டு அமைச்சகம் , ஐரோப்பிய தொழிற்சங்கம் ,