September 08, 2014

China to introduce carbon market

located:	China
editor:	FairPlanet Editorial Team

When even China decides it's time to open a carbon market, countries left behind can no longer deny climate change.

So says a piece published on Mother Jones last week, on the world's largest carbon polluter preparing to have a cap-and-trade program ready as soon as 2016.

The massive nationwide program will be market-based, where total emissions are calculated and capped and companies are issued emissions permits. If their emissions exceed their permitted amount, they must buy more permits or reduce emissions.

Putting a price on carbon emissions is considered by experts as one of the best ways to cut them.

Take a look at the Mother Jones piece for some great infographics on how China is set to move this trend forward.

Image: James west at Mother Jones