- China to roll out absolute carbon emissions caps in key industries starting 2027, shifting from intensity-based measures.
- By 2030, a nationwide emissions trading scheme (ETS) will be fully established, replacing the current pilot system.
- Broader market participation, including banks and financial institutions, aims to boost liquidity and effectiveness.
China will impose absolute emissions caps in selected industries beginning in 2027, marking a major shift in the country’s approach to carbon regulation. The announcement, made by the State Council and Central Committee of the Communist Party, sets out a roadmap for expanding its national carbon market into a fully established emissions trading scheme (ETS) by 2030.
