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Environment

Curbing greenhouse gases: China plans to build the world’s largest national carbon trading market

The hottest summer ever to sweep the Northern Hemisphere this year is making efforts to curb global warming greenhouse gas emissions more urgent than ever.
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10 Sep 2019 7 Mins Read 0 comment
A boy in Beijing wears a mask to protect himself from polluted air. Getty Images
A boy in Beijing wears a mask to protect himself from polluted air.
By Denise Jia As the world’s biggest emitter of greenhouse gases (GHGs), China plans to build the world’s largest national carbon trading market, intended to reduce overall emissions of gases such as carbon dioxide. As world leaders gather later this month at the United Nations in New York for a climate summit, China’s efforts will be a focal point.
discussion of alternatives, such as simply taxing carbon emissions. Yan Luhui, founder of Carbonstop, a carbon management software provider based in Beijing, said big polluters are more motivated to participate in carbon trading since they have more room to cut their emissions, while a carbon tax may work better for medium to small enterprises. ( Source: Caixin Global)
By Denise Jia As the world’s biggest emitter of greenhouse gases (GHGs), China plans to build the world’s largest national carbon trading market, intended to reduce overall emissions of gases such as carbon dioxide. As world leaders gather later this month at the United Nations in New York for a climate summit, China’s efforts will be a focal point. discussion of alternatives, such as simply taxing carbon emissions. Yan Luhui, founder of Carbonstop, a carbon management software provider based in Beijing, said big polluters are more motivated to participate in carbon trading since they have more room to cut their emissions, while a carbon tax may work better for medium to small enterprises. ( Source: Caixin Global)

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