CHINA PLANS TO INCLUDE STEEL, CEMENT AND ALUMINIUM IN ITS CARBON MARKET IN 2024

China is seeking public feedback on a plan to include cement, steel and aluminium production in its carbon emissions trading scheme by the end of the year. Including these three additional sectors could bring the greenhouse gas covered by the exchange to around 60% of the country's total, the ministry said, more than the emissions of the U.S.

China will expand the ETS over two stages, familiarizing participants with its processes between 2024 and 2026 and improving management and the quality of emissions data, while reducing quota allocations to businesses, from 2027.

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