MEE: China to include steel in carbon trading market by year end

China aims to add emission-intensive sectors of steel, cement and aluminium into its national carbon emission trading market by the end of this year, Huang Runqiu, the head of China's Ministry of Ecology and Environment (MEE), said at the opening ceremony of the 2024 Global Energy Transition Conference held in Beijing on September 7.

China first launched its national carbon emissions trading scheme (ETS) in July 2021, regarding it as an important tool to meet the country's goals of achieving carbon peak by 2030 and carbon neutrality by 2060, but the trading market has only covered the coal-fired power sector so far, as