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China's carbon trading market hobbled by unanswered questions
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Smoke billowing from a chimney of the Shanghai Waigaoqiao Power Generator Company coal power plant in Shanghai on March 22, 2016.
PHOTO: AFP
Du Caicai and Chen Xuewan
(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.
