The national ETS is going to expand to cover 7 billion tonnes of carbon emissions by 2025, 60 per cent of China’s current total emissions, after gradually including all eight of China’s heavy industry sectors by then. Photo: AP
The national ETS is going to expand to cover 7 billion tonnes of carbon emissions by 2025, 60 per cent of China’s current total emissions, after gradually including all eight of China’s heavy industry sectors by then. Photo: AP
Business of climate change
Business

China’s carbon neutral goals: turnover under emissions trading scheme expected to reach US$15 billion in 2030

  • The expectations of an increase in volume came after China’s new carbon market met its first compliance deadline with a high compliance rate of 99.5 per cent
  • About 8 billion yuan worth of carbon trading has been recorded since the national carbon exchange was launched in Shanghai mid July

Yujie Xue
Yujie Xue in Shenzhen

Updated: 5:54pm, 2 Feb, 2022

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The national ETS is going to expand to cover 7 billion tonnes of carbon emissions by 2025, 60 per cent of China’s current total emissions, after gradually including all eight of China’s heavy industry sectors by then. Photo: AP
The national ETS is going to expand to cover 7 billion tonnes of carbon emissions by 2025, 60 per cent of China’s current total emissions, after gradually including all eight of China’s heavy industry sectors by then. Photo: AP
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