China’s Emissions Trading Plan
Vermont Law
DECEMBER 1, 2014
Summary: In 2016, the Chinese government plans to launch a national market for carbon permit trading. In preparation for this national system, the government rolled out seven test markets, which saw varying degrees of compliance. Overall, there have been no reductions in carbon emissions. But, the system is not doomed. There are several reasons for this poor performance, and once the Chinese government recognizes them and implements a variety of solutions, there is no reason why a carbon emissio
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