China is set to introduce its equivalent of U.S. EPA’s Clean Power Plan next week, even as the Trump administration prepares to discard its electricity rule for the carbon sector.
China will debut an emissions trading system as soon as today that will begin by covering coal- and natural-gas-based power production. The program will eventually expand to a variety of manufacturing and industrial sectors.
“It is important to bear in mind that the first phase will be embryonic,” said Li Shuo, senior global policy adviser for Greenpeace East Asia, who has been briefed on some details of the coming plan. He stressed those could change before the launch.
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