China to open nationwide carbon trading market in June

CGTN published this video item, entitled “China to open nationwide carbon trading market in June” – below is their description.

China’s much-anticipated nationwide carbon trading market is set to open its doors at the end of June. It means the state will set carbon emission quotas so that highly polluting industries such as coal power plants must purchase carbon emission quotas on the market when they go beyond their allotment. It’s expected to help the transition to green technologies. So what new investment opportunities will this bring to the private sector? How will it benefit China’s goal of hitting peak emissions by 2030 and achieving carbon neutrality by 2060?

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CGTN YouTube Channel

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China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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