Understanding China's Carbon Market and Its Mechanisms
Thursday, 12 September 2024, 13:40
The Evolution of China's Carbon Market
China's carbon market is one of the largest, addressing climate change through robust frameworks. The government seeks to integrate essential industries like cement, steel, and aluminum into the emissions trading scheme (ETS) by year-end.
Key Features of the Carbon Market
- Inclusivity: Involving major CO2 emitters.
- Public Engagement: Soliciting feedback to refine the plan.
- Market Boost: Aiming for improved trading and economic efficiency.
Significance of the Feedback Process
Seeking public feedback reaffirms the government's commitment to transparency. The involvement of industry stakeholders is crucial for developing a practical and effective carbon trading framework.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.