CARBON REPORTING

27th October 2023

CARBON REPORTING

CARBON REPORTING: China’s Environment Ministry has told factories releasing the equivalent of more than 26 000 t/y of carbon dioxide to verify their 2022 data by December. Bloomberg reports that the Ministry is centralising a reporting process that was previously handled locally to help exporters meet the requirements of the European Union’s Carbon Border Adjustment Mechanism (CBAM), which began data collection this month and formally launches in 2026. The aluminium, cement and steel industries covered in the first phase of the CBAM will need to complete their data verification by September from 2024.