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China’s Carbon Market to Grow to $25 Billion by 2030, Citi Says

  • Bank sees expansion from turnover this year of $800 million
  • A fifth of global emissions now covered by tax or markets
Bloomberg business news
China’s Coal Usage Slowly Declining

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The size of China’s carbon market will expand more than 30-fold over the next decade as it covers more industries and polluting becomes more expensive, according to Citigroup Inc.