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China’s hazy carbon trade baffles expert critics

One man is scrolling slowly through his emails. Another is flopped across his desk doing a good imitation of being asleep.

It is a Wednesday afternoon at the China Beijing Environment Exchange, a centrepiece of China’s closely watched efforts to test carbon markets, and the action is not exactly frenzied.

“There are currently around two to three trades a day,” says Yang Wang, the exchange’s carbon trading centre director.

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