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Craig Hart -- Doubts rise on China carbon trading

Taking highly polluting industries off state subsidies is just one of many reforms that the Chinese government will need to push for its new green house gas reduction scheme to work.

China is planning to roll out a national greenhouse gas emissions trading market by 2017, creating the world's largest market for carbon. However, for the scheme to be effective a greater focus on the creation of a market economy and a deeper political commitment to the environment will be essential. In particular, the government must wean highly polluting industries off state subsidies.  

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