China's Steel Industry Opens A New Era Of Transformation

Time : 2023-08-09

China's Steel Industry Opens A New Era Of Transformation

Wang Tie, Director of the Carbon Market Division of the Department of Climate Change of the Ministry of Ecology and Environment, stood at the podium of the 2025 International Forum on Carbon Emission Reduction in the Building Materials Industry and announced that the three industries of steel, cement and aluminum smelting will start the first carbon emission quota allocation and clearance and compliance work. This policy will cover an additional 3 billion tons of carbon dioxide equivalent greenhouse gas emissions, increasing the proportion of carbon emissions controlled by the national carbon market from 40% to more than 60% of the national total.

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