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  • Beijing Review

    China’s Emission Statement

    Aug 05, 2021 4 minutes
    By Lan Xinzhen

    China’s carbon emission trading was formally launched at the Shanghai Environment and Energy Exchange on July 16, marking a tangible step toward the goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060.

    China’s per-capita GDP is far lower than that of other industrialized countries and its short history of industrialization is maybe responsible for much less damage to the planet’s climate than theirs.

    However, China is quick to take on the mission of carbon emission reduction.

    The world’s largest market

    Carbon emission trading means that green-house gas emission rights are traded as commodities. Companies are granted certain emission allowances, and those

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