China’s national carbon trading rollout expected to have major impact on key industries

April 3, 2017 by Ronjoy Bezbarua

(Source: South China Morning Post) China, the world’s largest greenhouse gas emitter, may roll out a national carbon trading scheme in July this year, which will have deep implications on key industries including power generation, petrochemicals, chemicals, iron and steel, and aviation, according to analysts. Under the programme, the government will set a limit on the amount of carbon dioxide to be emitted annually. Companies are then issued permits that allow them to hold credits in order to emit an equivalent amount of carbon dioxide. Companies that need to increase their credits must buy from those that emit less. Read full article….

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