Anthony Watts has posted an article by a bloke called Larry Hamlin, which is a stark example of how confirmation bias affects visual perception. Larry is a climate science denying conspiracy theorist who has the occasional "essay" at WUWT.He wrote about something he read in the LA Times. It was a recent announcement from the Chinese government that it is preparing to set up what will eventually be a nationwide carbon trading program. The article was by Jonathan Kaiman reporting, from Beijing, a news conference of the National Development and Reform Commission in China.
The article set out the timetable, which stated that it would be three years before transactions begin (my emphasis):
China’s carbon market will initially apply only to the power-generation industry but will later expand to cover seven other sectors, including petrochemicals, chemicals, building materials, and iron and steel.
The Chinese government will spend a year building a nationwide registration system covering all companies participating in the market, the state-run China Daily reported. It will spend another year testing the system, and actual transactions will begin in about three years.