Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Industry

China needs to improve carbon pricing mechanism: report

September 10, 2021


Abstract : China should step up efforts to improve its carbon pricing mechanism, a recent report said.

Photo taken on July 16, 2021 shows a screen displaying real-time information of national carbon emission trading in Wuhan, central China's Hubei Province. (Xinhua/Xiao Yijiu)

BEIJING, Sept. 9 (Xinhua) -- China should step up efforts to improve its carbon pricing mechanism, a recent report said.

Carbon pricing is a vital policy tool for achieving the country's carbon-neutrality goal, said the report by the China Council for International Cooperation on Environment and Development. It cited China's latest progress in building a national carbon market.

The report, however, pinpointed problems in the current carbon pricing mechanism, including its weak connection with the overall climate targets, ill-defined property rights of carbon assets, and market entities' lack of vitality.

Accordingly, the carbon market should set clear-cut caps on carbon emissions. It should also increase the emission permits sold by emitters, said the report.

More heavy-emitting sectors should be incorporated into the carbon market over time, said the report, also calling for future rises in carbon prices and carbon-cutting technology innovation.

China's national carbon market, the world's largest in terms of the amount of greenhouse gas emissions covered, launched on July 16, marking a significant step from China to reduce its carbon footprint and meet emission targets.

The country announced that it will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

Scan the QR code and push it to your mobile phone

Keyword: carbon pricing

Reading:

Platform tailored for innovation-oriented SMEs -- Beijing Stock Exchange to be launched

China holds int'l fair to offer investment opportunities amid pandemic

Xinhua Headlines: Global investors bullish on long-term opportunities in China

Economic Watch: Chinese banks steer loans to real economy amid recovery

​Low carbon development highlighted at China's 2021 services trade fair

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial