Carbon Exchanges: California & China
The California-China climate relationship has been thrust into the spotlight since Governor Jerry Brown of California visited China following President Trump’s Paris withdrawal announcement, and also recently extended the state's cap and trade program to 2030. This relationship could soon be taken to new heights as China prepares to launch the world’s largest carbon market next year and aims to learn from California's cap and trade experience.
We’re excited to invite Chris Busch, Research Director at Energy Innovation and head of the firm’s California policy program, onto our show to walk us through the basics of carbon markets, including California’s revamped carbon market and what China may be able to take away from California's experience thus far as China builds a carbon market of its own. You can read more from Chris in a recent editorial he published in China Daily on how carbon markets enable sustainable growth.