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Yep, big shock to, uhm... no one. China is now pushing for cap-and-trade. They are starting with a market for carbon production, applied to China's energy sector, which is responsible for about half the CO2 going into the atmosphere from China. The Chinese government recognize the various threats, ranging from poor air quality in big cities like Beijing, to rising sea levels that will impact its coastal cities.
There will be lots of challenges to implementing the system, but this will certainly continue to push Chinese companies to develop more renewable and sustainable energy sources.
https://www.nytimes.com/2017/12/19/climate/china-carbon-market-climate-change-emissions.html
There will be lots of challenges to implementing the system, but this will certainly continue to push Chinese companies to develop more renewable and sustainable energy sources.
https://www.nytimes.com/2017/12/19/climate/china-carbon-market-climate-change-emissions.html