News analysis

China's carbon market needs major changes to be effective, say experts

China's long-awaited national carbon market opened last week to big expectations that it would help China slash emissions.

But experts say it could take the market years to do so, with some doubtful that it would move the needle meaningfully on the country's environmental goals without drastic changes.

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A version of this article appeared in the print edition of The Straits Times on July 22, 2021, with the headline 'China's carbon market needs major changes to be effective, say experts'. Subscribe