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China To Announce Cap-And-Trade Program

U.S. President Barack Obama (R) and Chinese President Xi Jinping (C) listen to their national anthems during in Washington D.C. Jinping will unveil a cap-and-trade program Friday. (Win McNamee/Getty Images)
U.S. President Barack Obama (R) and Chinese President Xi Jinping (C) listen to their national anthems during in Washington D.C. Jinping will unveil a cap-and-trade program Friday. (Win McNamee/Getty Images)

During his visit to the United States, China’s President Xi Jinping will announce that the country will start a cap-and-trade program in 2017. This will put a price on greenhouse gas emissions, according to Obama administration officials. The move is an effort to reduce emissions by the world’s largest polluter.

Mike Regan of Bloomberg News joins Here & Now‘s Peter O’Dowd to discuss the announcement.

Guest

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