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September 25, 2015

China to Implement Cap-and-Trade System to Address Climate Change 
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Chinese President Xi Jinping is arriving at the White House for a state
visit with President Obama today, where President Xi is expected to
commit to implementing a cap-and-trade system to limit China's
greenhouse gas emissions in 2017. A cap-and-trade system is a
market-driven strategy in which governments cap emission levels and then
allow companies to buy and sell permits to pollute. Environmental groups
are saying the announcement is a step in the right direction, but that
more needs to be done.

 

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