Launching The World’s Largest Carbon Credit System

Late last year, in a shockingly ambitious pledge, Chinese president Xi Jinping announced that his country would reach peak domestic greenhouse gas emissions by the end of the decade and that China would bring its carbon footprint all the way down to net zero by just 2060. The targets are as timely as they are ambitious; according to the Intergovernmental Panel on Climate Change (the world’s premier authority on the issue) we have just a decade left to change our emissions outputs drastically enough to avoid the worst effects of climate change.…