GRIT’S TAKE: This is just one example of the world moving away from fossil fuels. Think: a marketplace to buy and sell polluting permits. The ETS saw $32M in carbon dioxide emissions, or 4.1M tonnes, exchange hands on its debut.Ĭhina is easily the world’s biggest consumer of coal, and the ETS (which has been in the works for years) represents an effort to achieve its goal of becoming carbon neutral by 2060. Last week, China launched the world’s largest carbon emissions trading scheme (ETS). *Record scratch* Hold up, isn’t the point to get away from dirty energy? ![]() The world’s second-biggest source of energy is quietly up over 80% YTD and is currently sitting at all-time highs!
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