China Carbon Trade Turnover to Reach $15bn

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.

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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.