Bloomberg Law
Sept. 21, 2020, 9:00 PM

China’s Carbon Market Plan May Let Coal Plants Keep Polluting

Bloomberg News
Bloomberg News

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.

Read more: China Tames Ambitions for World’s Biggest Carbon Trading Market

The latest proposal offers power companies ...