Press Release: EU welcomes launch of China’s carbon market

China today officially set out the plan for the  launch of its national emissions trading scheme. It will initially focus on the power generation sector and will be extended over time to cover seven other sectors, such as cement, iron and steel, and aluminium. The launch follows the roll-out of seven pilot emissions trading schemes in major cities, such as Beijing and Shanghai, as well as the provinces of Guangdong and Hubei since 2013.

View the full press release

Source: European External Action Service (EU Delegation to China)

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