According to the World Bank’s annual report “State and Trends of Carbon Pricing” released in May 2021, there are 64 carbon pricing instruments in operation across the world, covering over 21 percent of global greenhouse gas emissions and generating $53 billion in revenue, up from 15.1 percent in 2020. In its national emissions trading scheme launched in January, China has pledged to reach CO2 emissions peak by 2030 and achieve carbon neutrality by 2060, making it the world’s largest carbon emission market in terms of coverage. By March this year, markets have covered more than 20 industries and 440 mission tonnes of carbon discharged by nearly 3,000 major companies. With the carbon emission markets gradually maturing and moving in line, how can carbon trading benefit global economy? What should investors factor in while investing in the low-carbon transition?