Carbon Trading with Chinese Characteristics (China Briefing)

China’s President Xi Jinping … China’s carbon agenda ... ‘virtuous development cycle’ of industrial and financial upgrades ... the world’s largest carbon market ... development of carbon-related financial market ambitions … launched its national carbon exchange on February 1 this year ... and will commence trading on June 30, 2021 ... Guangzhou ... China’s first local Carbon Exchange Platform ... local residents can earn carbon coins (credits) by opting for low-carbon transportations and saving on water and electricity usage ... financially incentivized low-carbon lifestyle ... hydrogen vehicle fuel cell technology also prioritised