The launch of China’s first national emissions exchange in Tianjin signals the opening of the domestic carbon trading market, but it will take time for the system to generate significant revenue.
The Tianjin Emissions Exchange opened on October 6, with general manager Gao Zhengqi being quoted by the People’s Daily as saying that China will certainly start a domestic carbon trading market within the next year.
“For strategic investment, China could potentially be the biggest market,” said Tom Luckock,...
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