Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 25 (Xinhua) — Chinese authorities have released a policy document to accelerate the country's transition to a green and low-carbon economy and strengthen the construction of a nationwide carbon trading market.
The directive was jointly issued by the General Office of the CPC Central Committee and the General Office of the State Council.
According to the document, by 2027, the country's carbon trading market will cover all major industrial sectors that emit emissions, and the nationwide voluntary greenhouse gas emissions trading market will cover all key sectors.
In addition, the document notes that by 2030, China will have practically created a nationwide carbon trading market based on quota control and combining free and paid distribution. By the same year, the formation of a nationwide voluntary greenhouse gas emission trading market will be completed, which will be reliable, transparent, unified, widely accessible and in line with international standards.
By then, the country is expected to have achieved significant results in reducing emissions, improved its regulatory framework and established a carbon pricing mechanism with reasonable prices. –0–
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