China's carbon trading market hobbled by unanswered questions

Smoke billowing from a chimney of the Shanghai Waigaoqiao Power Generator Company coal power plant in Shanghai on March 22, 2016.
Smoke billowing from a chimney of the Shanghai Waigaoqiao Power Generator Company coal power plant in Shanghai on March 22, 2016.PHOTO: AFP

(CAIXIN GLOBAL) - China has, for the first time, asked domestic companies to shoulder the responsibility for controlling the country's greenhouse gas emissions by buying and selling emission quotas on a unified national carbon market.

The sheer scale of the problem could create the world's largest carbon trading market, but big structural factors stand in the way.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.