China has over the past few years seen its plans for an emissions trading scheme delayed, although official statements on the scheme remain optimistic.
“We will strive to make a breakthrough in progress before the year-end,” Li Gao, head of the climate office at China’s Ministry of Ecology and Environment, told Reuters in January this year.
Since then, advocates of the scheme fear that the coronavirus-led slowing of the economy — which recently shrank for the first time in more than four decades — and international condemnation over Beijing’s heavy-handed approach towards Hong Kong may have pushed green policies down China’s agenda.
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