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China to unveil national carbon market in 2016

China is poised to launch a national carbon trading market – potentially the largest one in the world - but if its seven regional pilot projects are anything to go by, there is still much to be done

As the world’s leading carbon emitter, China looms large in the climate change debate. So when a senior government official said in September that China plans to roll out a national carbon market in 2016, it raised hopes that the country is stepping up its efforts to rein in emissions. Although a move in the right direction, China’s early experiences with carbon trading show it has a long way to go.  The scale of China’s growing carbon footprint was underscored in a report from the Global Carbon Project, a non-governmental research group. The report found that China’s per capita carbon emissions surpassed the European Union’s (EU) for the first time in 2013. The country now accounts for mor

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