Mr. Jiang Zhaoli: Chinese national carbon market will reach a scale of 40-120 billion CNY

28 June 2015 – Mr. Jiang Zhaoli, deputy director general of DCC, NDRC said on 27th June, that after the establishment of a national carbon market, the emission volume would be 2 – 3 billion tons, which would be the largest carbon market around the globe. The market scale would reach 1.2-30 billion CNY considering only stock in trade; when carbon futures are also considered, the whole market could reach 40 – 120 billion CNY.