A fisherman sits by the Huangpu river across from the Wujing Coal-Electricity Power Station in Shanghai on September 28. Photo: AFP
A fisherman sits by the Huangpu river across from the Wujing Coal-Electricity Power Station in Shanghai on September 28. Photo: AFP
Alicia Garcia-Herrero
Opinion

Opinion

The View by Alicia Garcia-Herrero and Junyu Tan

COP26: why carbon pricing is crucial to China’s climate change pledges

  • China’s emissions trading scheme is a welcome development, but its size belies its narrow scope and lack of allure for investors
  • To reach its full potential, it needs to cover more of China’s emissions, go beyond the electricity sector and let prices reflect the true cost of carbon

A fisherman sits by the Huangpu river across from the Wujing Coal-Electricity Power Station in Shanghai on September 28. Photo: AFP
A fisherman sits by the Huangpu river across from the Wujing Coal-Electricity Power Station in Shanghai on September 28. Photo: AFP
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