Asia Pacific > China central bank official proposes carbon market overhaul

China central bank official proposes carbon market overhaul

Published 10:40 on March 4, 2021  /  Last updated at 10:40 on March 4, 2021  / Stian Reklev /  Asia Pacific, China

China should set an absolute cap on CO2 emissions in its national ETS, expand beyond spot trade, and phase out the pilot trading schemes to improve the effectiveness of its carbon market, the Shanghai director of the People’s Bank of China (PBOC) has said.
China should set an absolute cap on CO2 emissions in its national ETS, expand beyond spot trade, and phase out the pilot trading schemes to improve the effectiveness of its carbon market, the Shanghai director of the People’s Bank of China (PBOC) has said.


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