From the Paris Climate Negotiations
Negotiators from around the world have gathered in Paris to finalize a global climate agreement, which will be supported by the commitments of over 180 countries to domestic climate action included in their Intended Nationally Determined Contributions (INDCs). In September, China’s President Xi Jinping announced that China will launch a national emissions trading scheme (ETS) in 2017 as one of the key policy instruments that China will use to achieve its own commitment to peak carbon emissions around 2030 or earlier. While questions remain about how China will implement a complex market-based mechanism, recent announcements by Chinese officials shed light on promising plans for the policy’s design and implementation.