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China Tests CO2 Emissions Markets Before Tax, NDRC Official Says

China, the top greenhouse-gas emitter, will continue to test carbon markets and may consider a tax at a later stage to reduce pollution levels, according to a National Development & Reform Commission official.

Seven pilot programs for markets are going “pretty good,” Jiang Zhaoli, head of climate change at NDRC, said yesterday at a briefing in Beijing, without being more specific.