China’s announcement of the implementation of a cap and trade system is not the first we’ve heard of their efforts to combat their rising carbon emissions. In November, China and the United States hyped an agreement in which China “intends” to curb emissions “around” 2030. Reproduced below is an article on that “agreement,” which will certainly be greatly referenced over the course of Xi Jinping’s visit.
For today’s announcement, as with all international pronouncements on climate change, we must wait until we see the fine print. The road to global warming has traditionally been paved with good intentions.