China’s announcement of its carbon market is long-awaited. It was promised for 2017, and the nation has delivered just under the wire. While it will only cover the power sector for now, it’s still set to be the largest carbon-pollution trading market in the world.  Click the audio player above to hear the full story. 

Two pilot programs in Oregon are experimenting with carbon markets.

China launches a new pilot carbon market in the southern city of Shenzhen. Carbon cap and trade schemes have had a hard time getting off the ground in other countries. Can China make it succeed?