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Climate Change

Coal-reliant China wades into nationwide carbon trading

Beijing aims to fight climate change but wary of choking economy

China's power industry emits 4 billion tons of greenhouse gases a year.   © Kyodo

BEIJING -- China cautiously took its carbon-trading scheme national Monday, a key component of its plan to slash greenhouse gas emissions by midcentury. But critics note that the pricing and penalties are too low to make much of a difference, at least initially.

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