Jotzo, FrankKarplus, ValerieGrubb, MichaelLöschel, AndreasNeuhoff, KarstenWu, LiboTeng, Fei2021-10-221758-678Xhttp://hdl.handle.net/1885/251129China recently announced its national emissions trading scheme, advancing market-based approaches to cutting greenhouse gas emissions. Its evolution over coming years will determine whether it becomes an effective part of China's portfolio of climate policies.application/pdfen-AU© 2018 Macmillan Publishers Limited, part of Springer Nature201810.1038/s41558-018-0130-02020-11-23