Can Market Mechanisms Clear China's Bad Air?

(Beijing) – The Chinese government recently responded to rising public discontent over environmental degradation by introducing tougher rules for industrial emissions.

Meanwhile, a non-governmental organization and a state-run newspaper are coordinating a parallel fight against industrial pollution based on market mechanisms.

Trusting that the equities market can push companies to do good, the environmental track records of publicly listed companies are now being compiled and publicized by the Beijing-based NGO Institute of Public and Environmental Affairs (IPE) and the state-run Securities Times newspaper.