Guardian: The move, announced on the eve of a summit in Washington between Presidents Barack Obama and Xi Jinping, would make China the worlds biggest carbon market, overtaking the European Union, and could strengthen global efforts to put a price on carbon.
White House officials said the cap-and-trade plan would be formally announced on Friday along with a very substantial financial commitment from China to help the worlds poorest countries fight climate change.
The US has already pledged $3bn to...