Nation's CO2 trading efforts seen spurring renewables, climate action
China's carbon emissions trading scheme will play a critical role in reducing costs of carbon reduction and spur the development of renewable energy resources in the country, while making valuable contributions to global efforts to combat climate change, a top Chinese corporate official said. Pan Hao, acting general manager of SPIC Carbon Asset Management Co Ltd, a subsidiary of State Power Investment Corp, said China's carbon market development has been healthy over the past two years, aligning