New trade arrangement incentivizes power operators to be more energy-efficient. By Paul A. Davies, R. Andrew Westgate, Qingyi Pan, and Jacqueline J. Yap On January 1, 2021, the long-awaited China Emissions Trading Scheme (ETS) commenced operation, with 2,225 coal-fired power plants participating. Under this new ETS, China’s power operators will have to buy emissions permits … Continue Reading
