Climate Central: Chinese President Xi Jinping announced Friday that China will develop a carbon trading system as a way to reduce the country's greenhouse gas emissions.
The announcement, made jointly with U.S. President Barack Obama, comes as both countries prepare to strike a global carbon emissions agreement at the Paris climate negotiations in December. The U.S. and China are the top greenhouse gas emitting nations in the world.
Carbon pollution from factories and other industries in China is the target...