China is determined to launch its national ETS in 2017, but struggles with the complexity of setting up a well-designed carbon market
by Dr. Ralph Westermann
On 3 September 2016, China and the US ratified the Paris Agreement just before the G20 Summit held in Hangzhou, the capital of Zhejiang Province in eastern China. Only one month later, on 4 October, the European Union also approved the ratification of the global climate deal. This will enable the agreement to come into force less than a year after it was signed in Paris and right in time for the next COP 22 climate summit that will be held from 7 to 18 November in Marrakech, Morocco.
Speaking at the opening of the G20 business forum, China’s president Xi Jinping made no direct reference to his country’s decision to ratify the Paris agreement. He did say, however, that China would continue to tackle the causes of climate change and environmental degradation, and even vowed to close coal mines and steel mills as part of that effort.
Dieser Artikel wurde veröffentlicht vom Wuppertal Institut für Klima, Umwelt und Energie GmbH in Ausgabe 4, November/Dezember 2016, der Carbon Mechanisms Review, S. 32-39. Zum Erhalt des kompletten Texts (nur auf Englisch) klicken Sie bitte auf den Download Link weiter unten.
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