Carbon pricing - what's happening in China and Singapore?

In coming months, the world's biggest carbon market is planned to be launch. Current estimates suggest that China's national carbon trading scheme will be launched in November at the earliest, though the launch of the scheme has been delayed already from early 2017 to July 2017 and now to November. The model being proposed for China is a cap and trade emissions trading scheme. In this type of scheme, emitters are required to obtain and acquit permits for each tonne of emissio