China > Even quickly rising carbon prices not sufficient for China to meet climate goals, says investment bank

Even quickly rising carbon prices not sufficient for China to meet climate goals, says investment bank

Published 14:25 on March 23, 2021  /  Last updated at 16:05 on March 23, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China needs rapidly rising prices in its emissions trading scheme and a modest carbon tax for non-covered sectors in order to stand a chance of meeting its climate ambitions, but even then it will have to rely on technological progress, one of the country’s top investment banks said Tuesday.

China needs rapidly rising prices in its emissions trading scheme and a modest carbon tax for non-covered sectors in order to stand a chance of meeting its climate ambitions, but even then it will have to rely on technological progress, one of the country’s top investment banks said Tuesday.

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