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Carbon trading s steel edge set to sharpen shortly By LIU ZHIHUA | China Daily | Updated: 2021-05-17 09:41 Share CLOSE Employees carry out maintenance work at a steel production facility in Maanshan, Anhui province, in November. [Photo by LUO JISHENG/FOR CHINA DAILY]
China s national-level carbon emissions trading system is expected to be a significant lever for the steel industry s carbon emissions reduction and structural optimization, experts said.
The national carbon emissions trading system, scheduled to become operational by the end of June, will first open for the power sector, to be followed by the steel industry as soon as possible, within the 14th Five-Year Plan period (2021-25), said Li Gao, head of the department of climate change at the Ministry of Ecology and Environment, CNR Business Radio reported.