You are here

China’s ETS: A vote of confidence in carbon markets ahead of Paris

The announcement by President Xi Jinping that China will start a national emissions trading scheme in 2017 is a "genuine game changer" in the global climate talks.

In this commentary, Andrei Marcu welcomes the recent announcement by President Xi Jinping that China will start a national emissions trading scheme in 2017. Calling it a "genuine game changer" in the global climate talks, Marcu describes the decision as giving a much-needed boost to carbon markets and cap-and-trade as the preferred way forward for those economies that have the capacity, the depth and the breadth for a liquid carbon market. 

 

Authors

Former Deputy Director of CEPS Energy Climate House & Head, Carbon Market Forum