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What Will It Take for China to Pull Off a National Cap-and-Trade Scheme?

2015-09-25 15:19:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: White House officials have lauded President Xi Jinpings anticipated promise of a national market for China in greenhouse gas quotas as a breakthrough in environmental cooperation and reform. But to work well, Mr. Xis plan, expected to be announced in Washington on Friday, will demand big changes from a government accustomed to heavy-handed intervention and skewed statistics. It will take years of effort to build a substantial market that plays a major role in curbing emissions, and even then it...

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