The Climate Group’s China director recommended October 22 that to build a carbon market and develop low carbon industries, China should create a national climate change fund, explore new models for financing projects, and establish an independent committee to monitor carbon emissions and evaluate the trading system’s performance. The country is targeting seven industries for accelerated development: advanced equipment manufacturing, biotechnology, energy conservation and environmental protection, new energy, new-energy vehicles, new information technology, and new materials. The group will issue a report this month.