而另一方面，碳交易计划，需要建立新的市场和机构，创建新的规章制度来监督和执行。

A carbon trading scheme, on the other hand, requires the creation of elaborate new markets, institutions, and regulations to oversee and enforce it.

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比如，第三方工具现在可以查看公共列表，并且可以建立新的算法对用户的权威性进行排名。

Third-party tools, for example, can now look at the public lists and maybe create new algorithms to rank a user's authority on Twitter.

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而那些现在有超额现金的基金都攒着钱不放。一方面是考虑到一些想抽身的客户可能会要求兑现赎回，另一方面则是伺机将钱转移到美国去。因为在一个破旧立新的环境里，一次正确的下注可能会成就一番大事业。

Funds that do have surplus cash are holding it in expectation of redemptions from spooked clients, or redeploying it in America where a correct bet on a restructuring opportunity can make a career.

youdao

而那些现在有超额现金的基金都攒着钱不放。一方面是考虑到一些想抽身的客户可能会要求兑现赎回，另一方面则是伺机将钱转移到美国去。因为在一个破旧立新的环境里，一次正确的下注可能会成就一番大事业。

Funds that do have surplus cash are holding it in expectation of redemptions from spooked clients, or redeploying it in America where a correct bet on a restructuring opportunity can make a career.

youdao