China’s long-awaited nationwide carbon trading scheme went live on Friday, with prices starting at RMB 48 ($7.42) per ton. In the first round of trade, almost 2,000 power plants were included. More than 4 billion tons of carbon emissions are emitted by these facilities. China soft-launched the market in 2017 without making any deals, and has repeatedly postponed a full opening. [Reuters]/n
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