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Emissions trading still ineffective

One year after the launch of China’s emissions trading system, experts express disappointment about the impact of the climate protection tool. “In terms of the impact, in terms of environmental gains, clearly it’s been limited,” Matt Gray, co-founder of TransitionZero, a climate change think tank, told Reuters. He cites a surplus of CO2 allowances and inaccurate emissions data from participating companies as reasons.

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