China to expand national carbon emission trading market

China plans to expand its national carbon emissions trading market to additional industries and greenhouse gases, eventually covering about 80 percent of the country’s carbon dioxide emissions. The expansion, included in the climate plan for 2026–2030, will bring chemicals, petrochemicals, civil aviation, papermaking and other sectors under quota management. In 2025, the market covered 3,378 key emitters and more than 65 percent of national carbon dioxide emissions. Cumulative quota trading has exceeded 926 million tons, worth 62.475 billion yuan, while first-half 2026 volume rose 37 percent year on year to 52.96 million tons. The plan also calls for total emissions controls in selected industries, paid quota allocation, tighter free-allocation benchmarks, stronger carbon-asset management and the orderly development of carbon finance and derivatives.
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