Wednesday 25 November 2020
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scmp - 4 days ago

China urged to use market forces to help meet carbon emissions targets

China should consider a programme to link the Asian and European carbon trading markets to help reach its goal of becoming carbon-neutral by 2060, according to a former central bank governor.Zhou Xiaochuan told the International Finance Forum in Guangzhou on Saturday that the target announced by President Xi Jinping in September was “ambitious but difficult”.Speaking via video link, he continued: “Carbon markets should be the main incentive mechanism as this would require emissions to be capped…


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