China Working on Emissions Trading Before Considering Carbon Tax, Official Says

China, the world’s biggest emitter of greenhouse gases, will continue to test carbon markets and may consider a tax at a later stage to cut emissions, according to a National Development and Reform Commission official.

Seven pilot programs for markets are going “pretty good,” Jiang Zhaoli, head of climate change at the commission, said Oct. 17 at a briefing in Beijing, without being more specific 187 ECR, 9/26/13, 36 INER 1394, 10/9/13, 188 DEN A-11, 9/27/13.

China is seeking to cut emissions per unit of economic output by at least 40 percent by 2020 from 2005 levels. The Intergovernmental ...