China has taken the first step towards launching its much-delayed carbon emissions trading scheme by setting emissions quotas for companies in the power sector.
The long-awaited scheme, which is expected to be the world’s largest carbon trading market, has been beset by delays and was initially scheduled for launch in 2017.
Environmentalists have hailed the plans for the country’s carbon market as a sign that China, regularly criticised for its environmental transgressions, is moving towards a more sustainable future.
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