China must set a clear timetable to expand carbon market to achieve climate goal as progress has been disappointing, expert says The progress of China’s carbon trading market has been disappointing, with volume and turnover lagging Europe’s market, Zhang Jinbai of Towngas Smart Energy says Beijing should provide clarity on the allocation of carbon-reduction quotas,...Read More

AT A GLANCE • As organizations make carbon-neutral pledges, more are turning to carbon pricing instruments to hedge positions. • Since their launch in 2021, more than 200,000 carbon offset futures contracts have traded at CME Group, equating to 200 million metric tons of CO2 offsets. Fixing a price on carbon is the Everest of challenges...Read More