UPDATE 1-China expects first trade in national emissions scheme in 2020

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China expects to make the first trade on the long-awaited national emission trading scheme in 2020, a senior climate official said on Saturday, as part of Beijing’s efforts to fulfill its commitment to reducing greenhouse gas emission.

“China will speed up construction of the national carbon trading scheme this year and aim to carry out the first trade among coal-fired power utilities in 2020,” Jiang Zhaoli, vice director of the climate change department at the Ministry of Ecology and Environment, said at an industrial conference….

An excerpt from Reuters