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20 July 2021

China launches world’s largest carbon market: but is it ambitious enough?

Experts welcome the trading scheme, but question whether it is up to the task of helping China achieve its climate goals.

Bianca Nogrady

Bianca Nogrady

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China, the world’s largest emitter of greenhouse gases, has launched its first national emissions-trading scheme. Such carbon-pricing mechanisms exist in around 45 countries already, but China’s scheme, which began trading last week, is the world’s biggest.

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Nature 595, 637 (2021)

doi: https://doi.org/10.1038/d41586-021-01989-7

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