2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
China
|
|
|
Germany
|
|
|
India
|
|
|
Japan
|
Detailed explanation-1: -China’s emissions trading system is already the world’s largest carbon spot market, financial news site stcn.com reported on Saturday. Carbon trading is the process of buying and selling permits to emit carbon dioxide or other greenhouse gases.
Detailed explanation-2: -China. The world’s biggest emitter of CO2 launched the world’s largest carbon market in 2021 - three times the size of the European Union’s. China’s ETS is based on a cap-and-trade model initially involving coal- and gas-fired energy plants.
Detailed explanation-3: -SHANGHAI, July 16 (Xinhua) – China’s national carbon market saw its total trading volume reach 194 million tonnes since its launch one year ago, according to the Shanghai Environment and Energy Exchange (SEEE) statistics on Saturday.
Detailed explanation-4: -The 27 countries with significant carbon tax include Argentina, Canada, Chile, China, Colombia, Denmark, The European Union, Japan, Kazakhstan, South Korea, Mexico, New Zealand, Norway, Singapore, South Africa, Sweden, the UK, and Ukraine.