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China’s Carbon Market to Be ‘Functional’ by 2025, Survey Finds

July 10, 2018, 12:44 PM

China’s carbon-trading market, set to be the world’s biggest, may only be fully functional by 2025 when all platforms, rules and systems for monitoring and reporting are in place, according to an industrywide survey released July 10.

That forecast was given by more than 70 percent of 317 respondents in a poll by China Carbon Forum and partners, including ICF International Inc., which sought the views of companies, researchers, lenders and local government about the future of carbon pricing in China.

Only 19 percent expect the milestone to be reached by 2020, down from almost 50 percent in last ...