fbpx

Type to search

China Carbon Trade Turnover to Reach $15bn – SCMP

The increase in volume will come as the country’s Emissions Trading Scheme takes shape this decade. The scheme is expected to undergo upgrades this year.


China Carbon Trade
Smoke belches from a coal power station near Datong, in China’s northern Shanxi province in 2015. Photo: AFP.

 

China’s carbon trading scheme, the world’s largest, could see transaction volumes reaching 100 billion yuan ($15.7 billion) in 2030, the South China Morning Post reported.

The increase in volume will come as the country’s national Emissions Trading Scheme takes shape. The scheme is expected to undergo several upgrades this year to meet China’s carbon goals.

Read the full report: South China Morning Post.

 

 

READ MORE:

 

Petronas, Shell Unit Tie Up to Explore Carbon Capture, Storage

 

Green Groups Slam HSBC Slow Carbon Exit Plan

 

Toyota Finishes Last in Greenpeace Carbon Rankings

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.