Briefing a news conference on Thursday, Xie Zhenhua, China's special representative on climate change, said the country is exploring emissions trading mechanisms.
"China now is piloting emission trading in seven provinces or municipalities, and the work is going well. All of them have started online trading, and their prices are stable, which you can see for details in the report. But the pilot program does not focus on the prices. Its purpose is to explore a market mechanism."
Xie Zhenhua made the remarks as the country released a report on its fight against climate change over this past year.
The negotiator said there is a lot of work to do within the emission trading
