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China May Have to Delay National Carbon Market Debut to 2021

  • More than 2,000 power firms will be obligated to take part
  • Market will be more than twice the size of EU trading system
Industry in Ningbo as China 1Q GDP Drops 6.8%
Photographer: Qilai Shen/Bloomberg

China may delay the launch of its national carbon market for power companies to the first half of 2021, according to a researcher who helped the government design the emissions trading system.

Actual trading of emission allowances will likely begin next year, Zhang Xiliang, director of Tsinghua University’s Institute of Energy, Environment and Economy, said at the International Finance Forum in Guangzhou over the weekend, according to a video of the event. China is still to complete the necessary database for emissions and decide on legislative rules for the market, he said.