Car­bon trad­ing helps reach green goal

China Daily European Weekly - - BUSINESS -

China’s car­bon trad­ing sys­tem en­abled the coun­try to reach its 2020 car­bon emis­sions tar­get in 2017, China’s spe­cial rep­re­sen­ta­tive on cli­mate change has said. Xie Zhen­hua said at the Green Car­bon Sum­mit held in Bei­jing on March 26 that by the end of 2017, China had cut car­bon diox­ide emis­sions per unit of GDP by 46 per­cent from the 2005 level, ful­fill­ing its com­mit­ment to re­duce CO2 emis­sions by 40 to 45 per­cent from the 2005 level by 2020.

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