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China launches its carbon market
- adrianN 7y agoExcellent news. Let's hope it actually makes a dent in China's emissions.
- me_me_me 7y agoSadly that's not what is really happening behind PR veil. https://www.reuters.com/article/us-climate-change-china-coal-idUSKBN1W40HS https://www.reuters.com/article/us-climate-change-china-coal...
- Iv 7y agoChina is scheduled to peak this decade, at a much, much lower level per capita than the US is at. China is on the good track. Taking bold political decisions to control its emissions. Meanwhile US is stuck at 3x EU's per capita emissions, and 4x France's. Among rich countries (or developing ones) only Saudi Arabia is worst. That's USA and it's lack of action that worries me the most for the future
- aww_dang 7y agoChina is also on board for the post-dollar world order. Should be easy to see how carbon credits would replace the petro-dollar in this hypothetical.
- ovi256 7y agoUnless they also build a worldwide banking infrastructure, like the US has in the current inter-bank transfer infra (all centralized through NYC), the availability of a post-dollar currency is not enough. There are already a bunch. There's the euro-dollar, all the big reserve currencies. What's missing is that infra.
- ncmncm 7y agoYou can tell you are in pretty bad shape when China demonstrates it is more progressive than you are.