Enacting Cap-and-Trade Will Present Challenges Under China’s System - The New York

Enacting Cap-and-Trade Will Present Challenges Under China’s System - The New York Times But to work well, Mr. Xi’s pledge, made at the White House on Friday, will demand big changes from a Chinese government accustomed to heavy-handed intervention and skewed statistics. It will take years of effort to build a substantial market that plays a major role in curbing emissions, and even then, it could founder, like similar initiatives elsewhere, experts said. China has had local trials underway since 2013. Their records have been mixed, supported by the liberal doling out of emissions permits or by cajoling companies to take part. Expanding those initial efforts nationwide by 2017, as Mr. Xi pledged to do, will be daunting even for China’s authoritarian leaders.http://www.nytimes.com/2015/09/26/world/asia/china-emissions-xi-jinping-limit-cap-and-trade.html?ref=business&utm_source=The+Sinocism+China+Newsletter&utm_campaign=ac792623d4-Sinocism09_29_159_29_2015&utm_medium=email&utm_term=0_171f237867-ac792623d4-29615013&mc_cid=ac792623d4&mc_eid=5935182a65