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China will continue to promote low-carbon practices

2021-11-12

is expected to have its own "carbon emissions trading system" after the completion of the 12th five-year Plan

at the Durban meeting, the Chinese delegation said that the Chinese government will also solidly promote low-carbon provinces and cities pilot projects, carry out low-carbon industrial pilot parks, low-carbon communities, low-carbon businesses and low-carbon products.

The highlight of this plan is that China will explore carbon emission trading pilots through measures such as establishing a voluntary emission reduction trading mechanism and strengthening the construction of a carbon emission trading support system. After the completion of the 12th Five-Year Plan, China is expected to have its own regional Emissions Trading System (ETS). Dr. Guo Zhaohui, a researcher at the Institute of Climate change and low-carbon economy of Renmin University of China, told China Sankei News that the carbon trading market is the most important economic tool for major countries to deal with climate change and reduce greenhouse gas emissions. China's carbon trading market has finally won the support of the central government after experiencing the "enlightenment" of the Clean Development Mechanism (CDM) under the "Kyoto Protocol" and the "budding" of small-scale voluntary emission reduction carried out by enterprises recently. This is an important milestone in the development of China's low-carbon economy.

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