Carbon emission trading schemes expanded in the EU and China
CGTN Europe
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2m 46s
China's long-awaited national carbon emission trading scheme (ETS) made its debut on Friday with 4.1 million tonnes of carbon dioxide quotas worth 210 million yuan ($32 million) changing hands, Shanghai Securities News reported.
It is the largest carbon market globally by volume with more than 2000 power plants, responsible for more than 4 billion tonnes of carbon dioxide emissions, included in the first phase of trading.
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