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Economy

Craig Hart: Doubts swirl over China's carbon trading plan

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A power plant in Henan Province: China's carbon market will cover 3 billion to 4 billion tons of emissions at its inception.   © Reuters

China is planning to roll out a national greenhouse gas emissions trading market by 2017, creating the world's largest market for carbon. For the program to be effective, however, 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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