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China’s Carbon Market Set to Expand to Petrochemical and Chemical Industries, Covering 80% of Carbon Emissions
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China to add chemicals, petrochemicals to carbon emissions offsetting scheme
China will expand its national carbon market to include the petrochemical and chemical industries, reports Caixin. The move will bring about 80% of the country’s carbon dioxide emissions under regulatory control. Regulators will initially focus on high-emitting subsectors including ammonia, oil refining, methanol and ethylene. Their inclusion is also expected to improve market liquidity by adding […]
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