China, the world's largest polluter, launched on Monday an emissions trading scheme as part of its efforts to become a carbon-neutral economy by 2060. The Chinese authorities introduced as of February 1 a set of rules for carbon emissions trading management, a step toward creating a nationwide unified emissions trading system (ETS), Chinese news agency Xinhua reports. As many as 2,225 power companies in China will have carbon dioxide (CO2) emission caps, and they can now trade their emission quotas via the system. Under the emissions trading scheme,…
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