China Implements New Emissions Trading System #

China has recently implemented a new emissions trading system to reduce greenhouse gas emissions. This system aims to promote environmental sustainability and curb pollution. The program covers approximately 2,225 power companies, which are responsible for about 40% of China’s total carbon dioxide emissions. Under this system, companies are allocated emission allowances, and those who emit less can sell their surplus allowances to companies that exceed their limit. The program is expected to play a significant role in China’s efforts to combat climate change and achieve its carbon neutrality goal.