China unveils regulations to control carbon trading


It marks the first time that China is establishing a dedicated legal framework for the carbon emissions trading market. — China Daily

Beijing: To strengthen the governance of its rapidly growing carbon emissions trading market, China has unveiled a set of new rules aimed at preventing the falsification of carbon emissions data and penalising offenders, officials say.

Carbon trading allows companies to buy and sell permission to release a specific amount of carbon dioxide, helping them manage emissions better and encouraging efforts to reduce carbon footprints.

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