Vlad Kovalenko + 115 VK December 26, 2017 The world's biggest polluter, China is rolling out the world's most ambitious plan to reduce emissions. This project would make polluting companies pay for the greenhouse gas they spew in the air. It is set to break the record for the largest carbon market ever rolled out. Quote Share this post Link to post Share on other sites
Selva + 252 SP December 26, 2017 EU tried the same thing in 2005 but didn't succeed because it issued too many free allowances so the most companies didn't have to buy them. In return the price collapsed. Maybe China will have more luck with it. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV December 26, 2017 China had enough time since than to figure out the way to do it. It is expected that its mechanism will dwarf the EU's cap-and-trade scheme covering 3.3 billion metric tonnes of emissions. Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT December 26, 2017 If they get this massive carbon market off the ground the vultures will descend. I smell great opportunities for wild corruption. Quote Share this post Link to post Share on other sites
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