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Carbon Pricing Can Incentive Companies reduce emissions

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Experts: Carbon pricing can incentivize companies to cut emissions - CGTN


Industry experts at the Boao Forum for Asia Annual Conference 2022 said setting correct prices for carbon emissions could encourage organizations to

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In order to peak carbon emissions before 2030 and achieve carbon neutrality before 2060, China has launched a national carbon market. which is regulated by the Ministry of Ecology and Environment and operated

by the Shanghai Environment and Energy Exchange.The market has more than 2,000 companies in the electricity sector and covers more than 4.5 billion tons of CO2 annually.

Ministry of Ecology and Environment stated that The market is currently the largest carbon trading system in the world. behind the European market