> China steps up climate fight with emissions trading scheme / V000_9F64MW
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China steps up climate fight with emissions trading scheme / V000_9F64MW
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China launched its long-awaited emissions trading system on Friday, a key tool in its quest to drive down climate change-causing greenhouse gases and go carbon neutral by 2060.
The carbon trading scheme, launched on the Shanghai Environment and Energy Exchange, will help regulative entities find the most efficient way to achieve China's carbon emission commitment under the market mechanism, Zhang Jianyu of Environmental Defense Fund China says. IMAGES AND SOUNDBITES