Published: January 7th, 2022,
Last updated: January 7th, 2022
Emissions trading is considered an important instrument for achieving climate goals in China just as it is in the EU. But while prices for carbon emissions have skyrocketed in Europe, they have made little difference in China so far. Some crucial elements are still missing, analyzes Christiane Kuehl in a first assessment of the still young Chinese emissions trading system. The system will probably not take effect until 2025, when, according to the plan, emissions of harmful gasses are supposed to decline.