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China's MEE to expand national carbon emission trading market to include steel-锻造展-2025年第二十五届广州国际锻造工业展览会-Forging Exhibition-2025 China(Guangzhou) Int'l Forging Industry Exhibition
3/31/2025 锻造展-forging expo-forging exhibition--forging event |
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China''s Ministry of Ecology and Environment (MEE) in a press release on March 26 stated that the nationalcarbon emission trading market is expanding for the first time. The MEE has released the Work Plan for theNational Carbon Emission Trading Market to Cover the Steel, Cement, and Aluminum Smelting Industries,signaling that the first expansion of the carbon emission trading market will formally enter the implementationphase.
Currently, the national carbon emission trading market only covers 2,200 key emission units in the powergeneration industry, with an annual coverage of carbon dioxide emissions exceeding 5.0 bilion mt. Howeverthe steel, cement and aluminum smelting industries are big emiters of carbon, with their carbon dioxideemissions reaching 3.0 bilion mt. After the expansion, 1,500 key emission units will be added in the nationalcarbon emission trading market, covering 60 percent of the total carbon dioxide emissions of China.
The MEE will soon issue a notice regarding the inclusion of the three industries in question in the carbonemission trading market.
Accordingly, the tasks and deadlines for formulating the list of key emission units, monthly notarization of keyparameters, verification of carbon emission reports, allocation of verified quotas, and quota surrenders will be clarified.
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