China ETS will eventually cover more industries
China bides its time on ETS extension
Government may not broaden scope of world’s largest cap-and-trade scheme until 2024 or later
China may not expand its cap-and-trade scheme to cover more emissions-intensive sectors beyond power generation until next year at the earliest, as carbon policymaking has been overshadowed by energy security and macroeconomic concerns, according to speakers at the Carbon Forward Asia conference in Singapore. China’s emissions trading system (ETS)—the world’s largest by emissions volume—has covered only domestic thermal power generators since it launched nearly two years ago in July 2021. So far, prices and trading activity have languished at low levels, limiting the system’s effectiveness as a tool for reining in emissions. There has been considerable speculation since the national carbon m
Also in this section
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
