Featured in Spotlight on quality – 04-2021

China’s push for decarbonization

The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertainty, China’s national carbon market became a reality on Feb. 1, 2021. Over time, the scheme is expected to support China’s gradual shift away from coal toward more solar and wind in power generation.

By

Andreas Walstad

07 Apr 2021

Image: Sungrow

The long-delayed introduction of a carbon market policy in China was finalized earlier this year. Initially, the market will cover up to 4.5 billion tons of CO2 emissions annually, coming from around 2,225 power companies which when combined account for around 30% of China’s carbon emissions. The Chinese carbon market is expected to be …

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