CHINA

Steel, Cement and Aluminum Sectors Join China’s Carbon Trading Market

Published: Mar. 27, 2025 4:03 a.m. GMT+8

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The press conference at the Ministry of Ecology and Environment on March 26, 2025.

China has expanded its national carbon emissions trading market for the first time, adding steel, cement and aluminum smelting industries — three of its biggest polluters. The move increases the market’s coverage to more than 60% of the country’s total carbon dioxide emissions.

The expansion is part of China’s broader strategy to peak carbon emissions before 2030 and reach carbon neutrality by 2060.

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China expanded its carbon emissions trading market to include steel, cement, and aluminum smelting, covering over 60% of national CO₂ emissions.
The expansion aims to help peak emissions before 2030 and achieve carbon neutrality by 2060, adding 1,500 major emitters to the existing 2,200 power companies.
The initiative introduces trading for additional greenhouse gases and will be rolled out in phases, with free allowances allocated initially to ease transition for companies.

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