Active trading began on China's emissions trading scheme on July 16, 2021, immediately making it the world's largest carbon pricing effort.

On July 19, 2021, Environmental Defense Fund's Xiaolu Zhao and SinoCarbon Innovation & Investment Co., Ltd.'s Zhibin Chen discuss what the emissions trading scheme will mean for climate change now and in the future with Duke University Institute for Environmental Policy Solutions Senior Fellow and Asia Society Policy Institute Senior Advisor Jackson Ewing.