Unclear policies undermine China’s carbon trading scheme, analysts warn

China’s new carbon trading market is riddled with policy ambiguities, say analysts, as it prepares to allow more sectors to participate in the new year.Following its launch in July, the national emissions trading scheme (ETS) faces its first compliance deadline on December 31, when 2,162 power firms will have to hold carbon allowances that are at least equal to their actual emissions in 2019 and 2020.The ETS, which currently only allows companies in the power sector to trade the allowances,…

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.