China's President Xi Jinping is set to announce a nationwide carbon-cap-and-trade programme today, which will help the country to﻿ limit its carbon emissions. The landmark commitment will start in 2017, putting a price on greenhouse gas emissions that major Chinese industries produce﻿, including fossil fuels, steel, cement and paper. China accounts for around 30% of global greenhouse gas emissions, however, Xi's announcement will form part of China's path to halting the growth of carbon emissions by two.
China's President Xi Jinping is set to announce a nationwide carbon-cap-and-trade programme today, which will help the country to﻿ limit its carbon emissions. The landmark commitment will start in 2017, putting a price on greenhouse gas emissions that major Chinese industries produce﻿, including fossil fuels, steel, cement and paper. China accounts for around 30% of global greenhouse gas emissions, however, Xi's announcement will form part of China's path to halting the growth of carbon emissions by 2030.