China’s carbon markets push: Huge potential, but daunting challenges
Press release: 24 April 2012 A domestic cap-and-trade system could more effectively curb emissions than command-and-control, a new report from SEI and FORES shows, but the process is still in its infancy, and international expertise is sorely needed. A new seven-site pilot test may determine the future of carbon trading in China.China observers have rightfully called attention to the country’s new interest in market-based approaches to reducing the energy- and carbon-intensity of its economy. It is a major policy shift, and given that China is the world’s top carbon emitter, it has