China Opened a National Carbon Market. Here’s Why It Matters.

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Friday, July 16, 2021

Last year, Mr. Xi made two signature commitments on climate. China’s emissions of carbon dioxide would peak before 2030, he vowed. It would also achieve carbon neutrality before 2060, he said, meaning the amount of carbon dioxide gas China releases into the atmosphere would be offset through methods like planting forests. Mr. Xi’s pledges, if realized, could make a significant difference to the world’s efforts to fight climate change.

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