Analysis of the National Carbon Emission Trading Market Coverage of Cement, Steel,and Aluminum Industry Work Plan
This document, published by the Ministry of Ecologyand Environment (MEE) on September 9th, 2024, outlines the plan to expand the coverage of China’s national carbon emissiontrading market to include the cement, steel, and aluminum industries. This is a significant development in China’s efforts to combat climate change and achieve its carbon neutralitygoals.
Here’s a breakdown of the key information:
1. Key Objectives:
- Expand the national carbon emission trading market: The plan aims to expand the market’s coverage to include three major industrial sectors,further promoting the country’s carbon emission reduction efforts.
- Promote a gradual and orderly expansion: The plan outlines a two-phase implementation strategy, ensuring a smooth transition for the newly included industries.
- Leverage existing experience: The plan draws on the experience gained from the successful implementation of the carbon market in the power generation sector.
2. Implementation Timeline:
- 2024-2026: Pilot Implementation Phase: This phase focuses on establishing the necessary infrastructure, regulations, and operational mechanisms for the inclusion of
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