Carbon pricing expected to affect firms' investment

The large majority of over 300 experts and industry representatives in China who were surveyed believe that carbon pricing will affect the investment of companies with large carbon emissions, pushing them toward green technologies by 2020.

The China Carbon Pricing Survey, released on Tuesday, found that 82 percent of the 304 stakeholders, including large State-owned companies, expect carbon pricing to strongly or moderately affect investment decisions by 2020.

Only 36 percent believe carbon pricing could affect investment next year.