Politics
China’s Weak Carbon Market Hits a New Roadblock -- Data Fraud
It took more than a decade for Europe’s carbon market to start cutting emissions, but the world no longer has the luxury of waiting that long for the world’s biggest polluter to improve its system
Emissions rise from cooling towers at a coal-fired power station in China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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China’s carbon market, hindered by low prices and thin trading, has struggled to become a useful tool in the country’s efforts to rein in its world-leading emissions. Now, accusations of data fabrication and questions over verification methods have added a new roadblock.