Evaluation Needed to Make Carbon Trading a Success
View on Global Times website"China's policymakers have recognized the role that markets can play to promote the efficient allocation of resources to protect human health and the environment. After several years of piloting carbon dioxide emission trading at the provincial and municipal level, the central government has announced the start of a national carbon emission trading program as one mechanism to help the country achieve climate mitigation goals. By putting a price on carbon, the market provides strong economic incentives for industry to reduce emissions and improve efficiency. In the long term, this can lead to adjustments in the energy structure and result in a significant boost for green development. In addition, reducing carbon from the electricity system has the potential to provide reductions of conventional air pollutants like sulfur dioxide, nitrogen oxides, and fine particles that have a substantial impact on air quality and human health."
