China’s ETS may remain powerless in decarbonizing thermal power sector

China’s national compliance carbon market may not evolve into the country’s primary tool to decarbonize its coal-fired power sector, due to the government’s reluctance to give free rein to market forces and resistance from influential bodies in the thermal power sector. This is likely to mean that China’s national emission trading scheme, or ETS, which was launched on July 16,…China’s national compliance carbon market may not evolve into the country’s primary tool to decarbonize its coal-fired power sector, due to the government’s reluctance to give free rein to market forces and resistance from influential bodies in the thermal power sector. This is likely to mean that China’s national emission trading scheme, or ETS, which was launched on July 16,…Read More