The ‘black hole’ of Chinese carbon trading
One man is scrolling slowly through his emails. Another is flopped across his desk doing a good imitation of being asleep. It is a Wednesday afternoon at the China Beijing Environment Exchange, a centrepiece of China’s closely watched efforts to test carbon markets, and the action is not exactly frenzied. “There are currently around two to three trades a day,” says Yang Wang, the exchange’s carbon trading centre director.
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