China Mandates New Sectors Join Carbon Market by End of 2025
China continues to actively develop its carbon policies, announcing that new sectors of the economy will be required to join the national carbon market by the end of 2025. This decision is part of the country's efforts to reduce carbon dioxide emissions and fulfill its environmental commitments.
As part of this initiative, the government plans to include enterprises from various new areas, such as construction and electrical engineering, into the existing carbon trading system. This measure is part of a broader strategy to lower the carbon footprint and meet international climate change obligations.
The new regulations will be mandatory for companies that exceed specified emission limits, compelling them to adopt more sustainable and environmentally friendly technologies. The introduction of new rules is also expected to enhance the competitiveness of those companies that already adhere to environmental standards.
As the largest carbon producer worldwide, China recognizes the necessity for stringent control over carbon emissions. The country aims to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. This ambitious goal requires active participation from all sectors of the economy, including new industries that were not previously part of the carbon market.
External experts welcome this move, emphasizing its importance for sustainable development and global climate governance. Transitioning to cleaner energy sources and minimizing carbon emissions are among the key challenges facing China and the world as a whole.
Thus, China's initiative to make new sectors participate in the carbon market will be another step towards achieving a sustainable future and fulfilling international environmental commitments.
