Question

Name the country which launched its first pilot carbon trading scheme?

• A. Japan
• B. Korea
• C. Singapore
• D. China

Answer 1

Answer:

D. China

• China was the first country to launch a carbon trading scheme on a pilot basis. • The scheme was first piloted in Shenzhen, China, in 2013. Pilot schemes were subsequently launched in six other cities and provinces, including Beijing and Shanghai. • Following the success of these pilot schemes, China officially launched its National Carbon Trading Market in 2021.