29 March 2024
China’s carbon market: leading the charge or empty symbolism?
Publication date: 26 March 2020
Gas Strategies Group
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EC4A 4AD
ISSN: 0964-8496
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The imminent launch of China’s nationwide emissions trading system (ETS) is generally expected to be a landmark event in the fight against climate change. For a natural gas industry looking for good news amid the carnage wrought by the Covid-19 pandemic demand shock and oil price war, there is hope that nationwide emissions trading in China could also act as a driver for coal-to-gas switching in the country’s coal-heavy power mix, potentially shoring up demand for gas.