China turns to free markets to tame fossil-fuel pollution

There are at least three good reasons why China is likely to succeed in starting the world’s biggest carbon-trading market when its efforts to limit pollution kick in next year. The government wants to put a cost on emissions of toxic smog to control pollution in industrial cities, starting with Beijing. The market may trade as much as 408 billion yuan ($61 billion) of certificates a year, a step toward making the economy more transparent…

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China turns to free markets to tame fossil-fuel pollution

There are at least three good reasons why China is likely to succeed in starting the world’s biggest carbon-trading market when its efforts to limit pollution kick in next year. The government wants to put a cost on emissions of toxic smog to control pollution in industrial cities, starting with Beijing. The market may trade as much as 408 billion yuan ($61 billion) of certificates a year, a step toward making the economy more transparent…

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