China pilot carbon trading scheme to boost global trade

China may press ahead with a new carbon trading scheme, according to Chinese media reports, raising hopes the move will provide a welcome boost to struggling international efforts to expand emissions trading.

“Especially in the current circumstances, with limited progress in countries like the US and Australia, an emissions trading scheme (ETS) in China would be extremely positive for everybody hoping for a price on carbon emissions across the world,” says Stig Schjølset, senior analyst at carbo