China recently announced its national emissions trading scheme, advancing market-based approaches to cutting greenhouse gas emissions. Its evolution over coming years will determine whether it becomes an effective part of China’s portfolio of climate policies.
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Jotzo, F., Karplus, V., Grubb, M. et al. China’s emissions trading takes steps towards big ambitions. Nature Clim Change 8, 265–267 (2018). https://doi.org/10.1038/s41558-018-0130-0
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