News analysis

China's national carbon market needs major changes to be effective: Experts

In an initial roll-out, China's carbon trading market covers only the energy sector and not other polluting industries such as steel.PHOTO: AFP

BEIJING - 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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