A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray Preparation work “basically complete”, vice-minister says Scheme to cover more than 2,000 power plants in phase 1 Sources say launch ceremony expected on Friday BEIJING, July 14 (Reuters) – Trading will commence on China’s long-awaited national carbon emissions trading scheme (ETS) later this month, the environment ministry said on Wednesday, giving an update for the launch that had been expected to take place in June. The new ETS is part of China’s plans to make use of “market mechanisms” to help bring its carbon emissions – now the world’s highest – to a peak before 2030 and to net zero by 2060. But the long-awaited scheme has been repeatedly delayed, partly over concerns about the transparency of emissions data, with a case exposed this month of data falsified […]