EnergyWatch

China unveils plan for world's biggest carbon-trading market

China's new plan for a national carbon market will create the world's biggest trading scheme for the greenhouse emissions threatening the climate.

Photo: DONG

China unveiled its plan for a national carbon market, creating the world’s biggest trading system for the climate-warming emissions.

The market will initially involve only the power sector, National Development and Reform Commission Vice Chairman Zhang Yong said Tuesday at a briefing in Beijing. While that’s a pullback from the nation’s previous plan to include eight industries, China’s market will still be bigger than the European Union’s system. Zhang didn’t give details on when trading will start.

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