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CARBON COMPLIANCE

CARBON COMPLIANCE: China plans to impose carbon-trading compliance obligations on steel, aluminium, and cement producers next year as the country extends its carbon market beyond power utilities. About 1 500 companies in those industries will be subject to market-based carbon costs if their emissions overshoot government-set targets. Photograph: Bloomberg

Photo by Bloomberg

20th September 2024

     

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China plans to impose carbon-trading compliance obligations on steel, aluminium, and cement producers next year as the country extends its carbon market beyond power utilities. About 1 500 companies in those industries will be subject to market-based carbon costs if their emissions overshoot government-set targets. Photograph: Bloomberg

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