In mid-December last year, at the proposal of German Chancellor Olaf Scholz, the G7 founded the Climate Club in the hopes of getting more countries to join – including China. But China has no interest.
By Frank Sieren
China's emissions trading still has numerous flaws and is no effective climate action instrument. Now the government aims to improve the data collection of corporate emissions. A hard emissions cap and an expansion of emissions trading are not expected before the end of the 2020s.
By Nico Beckert