Caixin
Aug 02, 2022 09:17 PM
CHINA

Analysis: Systemic Issues in China’s Fledgling Carbon Market Put Brakes on Expansion

Data fraud has emerged as a major problem in China's nascent carbon market. Photo: VCG
Data fraud has emerged as a major problem in China's nascent carbon market. Photo: VCG

In the year since China launched its national carbon market, data fraud in agencies responsible for verifying emissions at power generation companies — the only type of firm now trading on the market — has emerged as a major issue, hampering efforts to increase efficiency in the market and giving authorities pause for thought before opening the market to other industries.

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