China Announces Big Step In War Against Global Warming
- 6 years ago
On Tuesday, China said that the first phase of its nationwide carbon emission trading scheme will be focused on the power sector, as the government outlined details of the program which is expected to become the world's largest. National Development & Reform Commission vice chairman Zhang Yong said at a briefing that trading will be based in Shanghai and will involve 1,700 power companies and over 3 billion tonnes of carbon dioxide annually.