News Snapshot:
Hong Kong — China plans to launch a long-term domestic emissions trading program. This is a system that creates the world’s largest carbon market and doubles the share of global emissions covered by such programs. Authorities say the carbon market will help countries reach their goals of reducing greenhouse gas emissions, reaching peak emissions by 2030 and reaching carbon-neutral or net zero emissions by 2060. Said at a press conference on Wednesday. China is the world’s largest carbon emitter. According to people familiar with the situation, a launch invitation was sent on Friday. Initially, 2,225 companies in the power sector...
