China set to launch carbon trading system by end-June as carbon neutral push gathers pace

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China is set to launch its long-awaited national carbon emissions trading scheme (ETS) by the end of June, speeding up the nation’s efforts to curb pollution and help achieve its ambitious goal of carbon-neutrality by 2060.

A full-scale testing would be carried out soon to ensure a smooth opening of trading, Huang Runqiu, the Minister of Ecology and Environment, during a visit to central Hubei province, where the registration system and data for the exchange will be based. Shanghai, home to the bourse, will host trading on Friday and Saturday.