China eyes launch of emissions trading scheme over next five years, official says

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China is targeting the launch of a nationwide emissions trading scheme during the period from 2021 to 2025, the top climate official said on Wednesday, signalling another delay to the long-awaited carbon trading platform.

Technical problems and concerns over the accuracy and transparency of emissions data have dogged the system, whose first phase, covering the power sector, had been expected to launch this year.

“The 14th five-year plan is a big development period for the establishment of carbon trading,” Li Gao, head of the climate change office at the ecology and environment ministry, told a briefing. The national trading system was originally pledged by President Xi Jinping ahead of the Paris climate accord in 2015.

 

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My god how can they even breath with that smog.

Sounds like algore and CCX

Oh... but you’ve always reported that China is PERFECT and America is the cause of ALL the world’s problems. Oh, I get it. Your avoiding the Hunter Biden laptop scandal!

China official is member of CCP. CcpLiePeopleDie Who would trust any commitment from a liar?!

90% of news about covid and trump

Just another Chinese ponzi scheme. Corruption in the form of guanxi system will undermine any benefit. .But hey, nice optics and can always give it a try. So thumbs up for making the attempt.

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