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The Chinese government has made limited progress in using market instruments to manage its decarbonization efforts, exemplified by the still narrow and mostly inactive Emission Trading System. However, there are recent initiatives to strengthen the instrument of Green Electricity Certificates (GEC) by expanding their scope to all renewable sources and enhancing trading mechanisms. This aims to help local governments and companies in fulfilling policy targets for the use of green power.
By Experts Table.Briefings
Whatever is decided at the BRICS summit, the club of emerging countries is now a global alliance that the West can no longer afford to ignore. Their new self-confidence, along with their large populations and economic power, will change the world.
By Frank Sieren
A departure from the US dollar as a trade currency is one of the topics being pushed at the BRICS summit, especially by China. Indeed, the yuan has made progress as a trading currency. However, it cannot take over the role as a reserve currency – it lacks the necessary free tradability.
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