In recent years, China has attached great importance to the development of a national carbon market to promote cost-effective carbon emissions reduction across sectors and to achieve the “dual carbon” goals. To introduce the progress and main achievements, the Ministry of Ecology and Environment has organized the compilation of the Progress Report of China’s National Carbon Market (2024) and released it at the China Carbon Market Conference 2024 in Wuhan on July 21, 2024.
The report focuses on the construction of the National ETS, CEAs allocation and surrender, and progress made since the launch of National Voluntary Market.
