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China Launches World's Largest Carbon Emissions Market

9/19/2025

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Summary

Story summary

China launched the largest carbon emissions trading market globally during its 14th Five-Year Plan (2021-2025).
Minister Huang Runqiu confirmed the market covers over 60% of national carbon emissions and operates stably.
Officially starting in July 2021, it facilitates the buying and selling of greenhouse gas emission permits.
This system is crucial for reducing carbon footprints and meeting emissions targets.

History

Historical Context

The Kyoto Protocol, established in 2005, marked a pivotal moment in global climate policy, committing nations to reduce greenhouse gas emissions. In 2021, China launched the world's largest carbon trading market, managing over 60% of its emissions through this system. This shift reflects China's strategy to balance economic growth with climate commitments, aiming for a 60-65% reduction in carbon intensity by 2030.

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Story summary

China launched the largest carbon emissions trading market globally during its 14th Five-Year Plan (2021-2025).
Minister Huang Runqiu confirmed the market covers over 60% of national carbon emissions and operates stably.
Officially starting in July 2021, it facilitates the buying and selling of greenhouse gas emission permits.
This system is crucial for reducing carbon footprints and meeting emissions targets.

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