In this article it mainly talks about how the U.S. and China have essentially come to an agreement about a carbon trading system as a way to reduce the country’s greenhouse gas emissions. Both countries prepare to strike a global carbon emissions agreement at the Paris climate negotiations in December. The U.S. and China are the top greenhouse gas emitting nations in the world. That approach will reduce the need for high-carbon power, such as coal, and encourage the use of more solar and wind power, according to the statement. The pledge also said China plans to reduce its emissions intensity by up to 65 percent, doubling its current wind and nearly quadrupling its solar power generating capacity by 2020. Even though this is a step in the right direction there are still people who are not happy with this. Food and Water Watch Executive Director Wenonah Hauter said in a statement. “Through a system of ‘credits’ and dubious and unverifiable offsets, cap-and-trade programs essentially create a commodity out of pollution, allowing for financial corporations to profit from polluting industries.”
