China Plans Carbon Market Expansion with Steel, Cement, and Aluminium in 2024
Monday, 9 September 2024, 03:29
China's Carbon Market Plans
As a major step towards reducing greenhouse gas emissions, China plans to incorporate steel, cement, and aluminium into its carbon emissions trading scheme by 2024.
Public Feedback and Industry Impact
The Ministry of Ecology and Environment is currently seeking public feedback on this initiative. Including these vital sectors in the carbon market is expected to:
- Enhance emissions control
- Influence production practices
- Encourage sustainable development
As industries adapt to this impending change, the focus on environmental responsibility becomes increasingly critical for China.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.