Carbon market trade begins

Towards a green future: The sun setting near a coal-fired power plant on the Yangtze River in Nantong in the east’s Jiangsu province. The carbon trading programme will buy and sell permits to emit carbon dioxide or other greenhouse gases. — AP

BEIJING: The inauguration of China’s national carbon market – the largest in the world – will not only help accelerate domestic carbon reduction process but also promote global response to climate change, international experts said.

The first transaction occurred at 9.32am yesterday shortly after the market opened for business, as a reporter witnessed in the Hubei provincial capital of Wuhan, where a launching ceremony was held.