China's emissions trading system is in need of attention

Market development has stalled while other Asian nations accelerate efforts

20230418 Indonesia coal power plant

A coal-fired power plant in Cilegon, Indonesia: The country's emissions trading system launched in February with mandatory participation by coal power plant operators.  © AP

Alistair Ritchie is director of Asia-Pacific sustainability at the Asia Society Policy Institute. Yi Chen is senior program officer at the institute and was previously a carbon market analyst in Beijing.

This year is set to be a milestone in the development of emissions trading systems in Asia.

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