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
SHANGHAI, Sept. 25 (Xinhua) — By the end of August 2025, the cumulative trading volume in China's carbon emissions trading market reached nearly 700 million tons, with the transaction value reaching about 48 billion yuan (about 6.6 billion U.S. dollars).
In particular, the total trading volume for the entire year of 2024 was the highest since the start of trading on the country's carbon market in 2021. This was stated in a report on the development of the national carbon market, which was published on Wednesday in Shanghai at the China Carbon Market Conference 2025.
According to the report, China's carbon emissions trading market operated for 242 trading days in 2024, with the average daily carbon emissions trading volume increasing by 43.55 percent compared to the previous contracting period. The total trading volume in the country's carbon market for the entire year reached 189 million tons, with a value of RMB 18.11 billion.
The intensity of carbon dioxide emissions in the country's electricity sector in 2024 decreased by 10.8 percent compared to 2018, the report notes.
In March 2025, based on the implementation of the carbon trading system in the electric power industry, the State Council of the People's Republic of China approved the inclusion of the steel, cement, and aluminum industries in the national carbon trading market.
As a reminder, China has committed to peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. -0-
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