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China's national carbon market started online trading on July 16, a significant step to help the country reduce its carbon footprint and meet emission targets. So what is carbon trading? Who are the major players? How are the carbon emissions priced? And what is the significance of this measure in addressing global climate change? Check out this episode of BizBeat with CGTN's Guan Xin. #BizBeat CGTN Global Business | CGTN
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China's long-awaited national carbon emission trading scheme (ETS) made its debut on Friday with 4.1 million tonnes of carbon dioxide quotas worth 210 million yuan ($32 million) changing hands, Shanghai Securities News reported. It is the largest carbon market globally by volume with more than 2000 power plants, responsible for more than 4 billion tonnes of carbon dioxide emissions, included in the first phase of trading. | CGTNEurope
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