A national carbon trading market is a carbon pricing system that facilitates the buying and selling of carbon credits and renewable energy certificates. It aims to meet climate goals and advance climate actions in a cost-efficient manner.
Adopting carbon emissions trading is a vital policy tool for reducing greenhouse gas emissions, such as carbon dioxide, through market-based mechanisms. This initiative underscores China's commitment to peak carbon emissions reduction by 2030 and achieve carbon neutrality by 2060.
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