This month has seen the announcement by China’s Ministry of Ecology that its national carbon market should begin activity in June, with Xi Jinping personally advocating carbon emissions trading at the Central Finance and Economics Committee a few weeks ago. China accounts for a third of global renewable energy installations each year, and is reducing the technological gap with the West on wind turbine sizes and the next generation of photovoltaics. It has hybrid megacomplexes planned in the desert which will incorporate green hydrogen and concentrated solar power. But while it’s doing well for raw industry and technology, its market structures have a long way to go, especially in the case of the spot market and standalone energy storage. China’s…