China's national carbon emissions market sees cumulative trading volume exceed 1 billion metric tons

(ECNS) -- The cumulative trading volume in China's national carbon emissions trading market has exceeded 1 billion metric tons, Li Gao, vice minister of ecology and environment, said on Wednesday.

Speaking at a press conference held by the State Council Information Office, Li said that in the more than five years since the market began trading, China has built the world's largest carbon emissions trading market.

The market currently covers about 8.3 billion metric tons of carbon dioxide emissions, accounting for more than 65% of China's total carbon dioxide emissions, he said.