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. PHOTO: AFP
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(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.

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