New Energy
China to Add Steel, Aluminum and Cement to Carbon Market in 2024
- Environment minister announced timeline at industry conference
- Beijing is aiming to add seven more sectors by end of decade
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China will expand its national carbon trading market to include the steel, aluminum, and cement industries at the end of the year, to push the polluting sectors to reduce emissions.
The move was broadly expected by the market, and Minister of Ecology and Environment Huang Runqiu announced the timeline at an industry conference at the weekend, according to a report in the China Securities Journal.