China has released its first central government roadmap for the national carbon market, marking a turning point in the country’s climate policy. The plan sets out milestones to expand coverage across major emitting industries by 2027 and build a fully functional cap-and-trade system by 2030. In this episode, Fei Fei sits down with carbon market analyst Qin Yan to unpack what these targets mean in practice. We explore how China can boost the vitality of its carbon market, what challenges industries may face, and how the system could align with global carbon trading under the Paris Agreement.

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