China’s carbon trading market off to slow start but the only way is up

China’s Emission Trading Scheme (ETS) marks a significant step in the country’s journey towards hitting net-zero carbon emissions by 2060, but its impact is expected to be muted at least in the short term as the policy’s scope remains limited to the power sector, experts said. The policy will likely have a bigger impact on China’s emissions in the middle of this decade, as new industries are added to the initiative, according to a joint report by the Asia Investor Group on Climate…