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China launches national carbon trading scheme

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Climate change could be China’s next target

The communist nation has launched a national carbon trading scheme in what is a potential boost to global action on climate change.

China is the world’s largest emitter of greenhouse gases.

The emissions trading scheme will put a price on emissions and allow companies to buy extra allowances if they need to pollute more.

The program will initially involve 2,225 companies in the power sector

Those companies are responsible for a seventh of global carbon emissions from fossil-fuel combustion, according to calculations by the International Energy Agency.

Businesses within construction materials, steel, petrochemicals, chemicals, non-ferrous metals, papermaking and aviation are all now targeted.

YOU MAY ALSO LIKE | Europe proposes a fuel tax on aviation industry to push green energy

Under the trading program, emitters such as power plants and airlines will be given a fixed amount of carbon they are allowed to release a year. They can in turn buy or sell those allowances. That pushes emitters to think of controlling and reducing emissions in terms of a market.

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Money

Six strategies to build a six-figure property portfolio

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Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

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Experts reveal how to spot investment-grade properties

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Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

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Tricks of the trade: how to navigate market volatility with confidence

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Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

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