As other countries look to China to take the lead in fighting global warming after President Trump’s rejection of the Paris climate agreement, President Xi Jinping is pushing ahead with an ambitious plan to build the world’s largest market for carbon emissions permits. The start of a national carbon trading market in China by late this year has been years in the making, but is now shaping up as Mr. Xi’s big policy retort to Mr. Trump’s decision to quit the Paris accord. The Chinese government said in a greenhouse gas policy guide released on Wednesday that the 2017 start was on track.
“Carbon trading on a national scale will send a signal to the world that China is serious about this,” said Wang Yi, a professor at the Chinese Academy of Sciences in Beijing who also belongs to the national legislature and advises the government on climate policy.
