Smoke billowed from a large steel plant in Inner Mongolia on November 4, 2016. Photo: Getty Images
Smoke billowed from a large steel plant in Inner Mongolia on November 4, 2016. Photo: Getty Images

China kicks off national carbon-trading exchange, using market prices to put nation on track to reach 2060 neutrality goal

  • The first trade on permits for 160,000 tonnes of emission changed hands at 52.78 yuan a tonne, according to state media CCTV
  • Trading is initially limited to the power-generation sector, which contributes about 40 per cent to carbon dioxide pollution

Knowledge |   China and climate change
Smoke billowed from a large steel plant in Inner Mongolia on November 4, 2016. Photo: Getty Images
Smoke billowed from a large steel plant in Inner Mongolia on November 4, 2016. Photo: Getty Images
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