APO resource visit counts have been improved. For more information, see our Policies & Guidelines

Article

Too big to fail: China pledges to set up landmark emissions trading scheme

26 Sep 2015
Description

Chinese President Xi Jinping has made a landmark commitment on climate change during his state visit to the United States. A Chinese cap-and-trade carbon pricing program is scheduled to begin in 2017, and will be the world’s largest carbon market.

In a US-China joint climate statement issued yesterday, China pledged to lower carbon dioxide emissions per unit of gross domestic product (GDP) by 60-65% from the 2005 level by 2030, and introduce a national emission trading system covering key industry sectors such as iron and steel, power generation, chemicals, building materials, paper, and non-ferrous metals.

China is the world’s largest emitter of greenhouse gases, producing 25.9% of the world’s total carbon dioxide emissions in 2012.

Read the full article on The Conversation.

Publication Details
License Type: 
CC BY-ND
Published year only: 
2015
0
Share
Share
Geographic Coverage
Advertisement