A year on, China's CO2 market yet to drive big emission cuts

SHANGHAI - China's year-old carbon market has given more than 2,000 power plants a taste of emissions trading, but design flaws and data fraud have meant limited large-scale greenhouse gas reductions and environmental gains, experts say.

"In terms of the impact, in terms of environmental gains, clearly it's been limited," said Matt Gray, co-founder of TransitionZero, a climate think tank. Other ETS, including the world's second-largest in Europe, also took time to get established, but trading volumes have increased steadily since its launch in 2005. Think tank Ember credits the scheme for cutting the continent's coal power emissions by 43 per cent from 2013 to 2019.

More Coal please!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A year on, China's CO2 market yet to drive big emission cutsSHANGHAI : China's year-old carbon market has given more than 2,000 power plants a taste of emissions trading, but design flaws and data fraud have meant limited large-scale greenhouse gas reductions and environmental gains, experts say. China's much-heralded Emissions Trading Scheme (ETS) is already the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Importers paid $45 billion in US tariffs on China tech imports: Industry report
Source: STForeignDesk - 🏆 4. / 71 Read more »

China greentech company Envision to build EV battery plant in SpainMADRID : Spain has signed a partnership agreement with Chinese green energy company Envision Group to embark on four projects, including a battery plant for electric cars, with 3.8 billion euros ($3.9 billion) in total investment, partly funded by European Union aid.Jose Dominguez, head of Envision Spain,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »