China's national carbon emissions trading market, launched just over five years ago, is now the world's largest and covers about 8.3 bln tCO2—over 65% of the country's emissions; cumulative allowance trading recently surpassed 1 bln tonnes, Vice Minister of Ecology and Environment Li Gao said at a State Council press briefing on Oct 21.

2026-10-21

China's national carbon emissions trading market, launched just over five years ago, is now the world's largest and covers about 8.3 bln tCO2—over 65% of the country's emissions; cumulative allowance trading recently surpassed 1 bln tonnes, Vice Minister of Ecology and Environment Li Gao said at a State Council press briefing on Oct 21.