China's Carbon Market Faces Credibility Crisis, Threatens Climate Goals
China's plan to reduce carbon emissions faces big obstacles. Problems include inaccurate emission data, possible market fluctuations, and state-owned companies not focusing on making profits, which can hurt the program. To fix these issues, recommendations suggest improving the monitoring of emissions data, creating stable market rules, and making energy companies more market-driven. The study warns that without these changes, China's carbon trading system may struggle to reach its goals.