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China's vital emissions trading scheme

System set to become the world's single most important climate mitigation policy

| China
A coal-burning power station in Beijing: the emissions trading system could help China to achieve carbon neutrality sooner than the target year of 2060.   © Reuters

Kevin Rudd is president and CEO of the Asia Society and a former Prime Minister of Australia. Alistair Ritchie is director of Asia-Pacific Sustainability at the Asia Society Policy Institute.

Achieving net-zero emissions by midcentury is required to prevent dangerous global warming and meet the goals of the Paris Agreement. It is also a must-have goal of major economies if they are to avoid the environmental and economic risks of insufficient climate action.

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