China's new carbon market could be its greatest tool to fight climate change
Lately, I have started following qz.com's coverage of climate change. Some posts, such as the ones detailing the market for carbon capture, are good. This post's money quote:
The carbon market will at first only apply to emissions from power plants producing more than 26,000 tons of carbon dioxide per year—which means almost all of China’s power plants will be included. Those power plants are estimated to produce 33% of China’s national emissions.
The carbon market works in tandem with other measures, such as clean coal, that China has implemented in order to reach its emissions target. A May report by the Center for American Progress found that it is "on track to overdeliver on the emissions reduction commitments it put forward under the Paris climate agreement, and making coal cleaner is an integral part of the process."