China's New Carbon Market Doubles Share Of World Emission Trading

China, the world's largest polluter, is set to launch its nationwide emissions-trading system on Friday, sources with knowledge of the plans told The Wall Street Journal on Wednesday. China's entry into the carbon market would double the share of greenhouse gas emissions being traded under such schemes around the world, the Journal notes. The step toward creating a national emissions-trading system is part of the Chinese pledge to reach net-zero emissions by 2060, a decade later than the deadline for most developed economies, 2050. The national…