China Expands Carbon Market to Include Steel, Aluminum, and Cement in 2024

China has announced plans to expand its carbon market, which will take effect in 2024. Under these changes, the steel, aluminum, and cement industries will be included in carbon credit trading, marking a significant step in the country’s efforts to combat climate change and reduce carbon dioxide emissions. These sectors contribute significantly to global emissions, making their integration into the carbon market a key component of Beijing’s strategy.

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