China Could Delay Adding New Sectors to Carbon Market Until 2024
Beijing will eventually expand its emissions trading system to include major polluters like aluminum, cement, steel and petrochemicals.
Steel companies may be added to China's carbon market from 2024.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is likely to delay adding some of its most polluting industries to its carbon market to 2024, a move that risks making it tougher for the government to achieve its target of being carbon neutral by 2060.
Beijing is now looking at bringing in aluminum, cement, petrochemical and steel companies from that year, according to a person with knowledge of the matter who asked not to be named as the information isn’t public.