China unveils ambitious plan to curb emissions
SHANGHAI — China is the world’s No. 1 polluter. It burns more coal than the rest of the world combined. It produces more than a quarter of the world’s human-caused global warming gases, nearly as much as North America and Europe put together.
On Tuesday, the country set out to claim another title reflecting its ambitions to change all that: keeper of the world’s largest financial market devoted to cleaning up the air.
China released plans to start a giant market to trade credits for the right to emit planet-warming greenhouse gases.