China Will Set Up A Carbon Cap-And-Trade Market In 2017
China, the world's biggest polluter, has been building up to a national cap-and-trade plan for years, and has now set a deadline of 2017.By Steven Sparkman | September 24, 2015
The world's biggest polluter is about to make a big pledge.
Cap-and-trade systems theoretically give the government the ability to control carbon emissions. They set a total limit for the whole country and issue permits to pollute up to that limit. Companies then buy and trade the permits.