China’s economic growth has come on the back of unparalleled coal use, unbreathable air and the unenviable title of being the world’s biggest greenhouse gas emitter.
So as it prepares to launch its first pilot carbon market on Tuesday, there is intense speculation about the scheme’s likely impact, both domestically and whether it boosts China’s support for a binding global treaty to lower carbon emissions.
The pilot is in the economically thrusting city of Shenzhen, across the border from Hong Kong, one of seven testing grounds Beijing picked in 2011 to try out emissions trading before deciding whether to launch a national system from 2015.
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