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.