China Emission Trading Experiment Unlikely to Ease Cities’ Smog

China Emission Trading Experiment Unlikely to Ease Cities’ Smog

Tomohiro Ohsumi/Bloomberg

Steam rises from cooling towers at the Junliangcheng power station in Tianjin, China. China’s National Development and Reform Commission will oversee emission exchanges in a country that the World Bank says has 16 of the world’s most-polluted 20 cities.