In a rush to start the world’s biggest carbon market, China is looking to have a more lax approach to emissions rather than cut greenhouse gases in the short-term.
Under pressure to start a national carbon trading system that aims to force power firms to pay for their emissions by the end of the year, policy makers are proposing looser restrictions that are more likely to get companies on board while kicking the can down the road on how to tighten those limits.
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