China plans to launch the world largest emissions trading program in 2017, creating a carbon market for electric power generation,
Along with the emissions trading program, China also announced that it will stop investments in high-carbon energy projects overseas."
and ability to repay loans as a result of carbon taxes, emissions trading schemes and other legislation. For many financial institutions, the first step on the road to understanding these risks is to commission a carbon footprint of their investment portfolios or loan books.
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