Finance
China’s Carbon Market Set to Miss Target to Start Trading
- National market was supposed to begin trading by end of June
- Exchange says it’s currently unclear when system will begin
A coal fired power plant in Jiayuguan, Gansu province, China.
Photographer: Qilai Shen/Bloomberg
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China’s long-awaited national carbon market is set to miss a government target to begin by the end of June, a new set-back to plans to create the world’s largest emissions trading system.
It’s unclear when the market will begin operating, a spokesperson with the Shanghai Environment and Energy Exchange, which will host trading, said Monday. Minister of Ecology and Environment Huang Runqiu had said in February that he wanted the first trades to commence by the end of June.