China builds the world's largest carbon emissions trading market

The State Council Information Office held a series of themed press conferences on "Completing the 14th Five Year Plan with High Quality", introducing the situation of promoting high-quality development through high-level protection of the ecological environment. At the meeting, Minister of Ecology and Environment Huang Runqiu stated that during the 14th Five Year Plan period, new steps have been taken towards green and low-carbon development. China has established the world's largest carbon emissions trading market and is operating stably.

In terms of green and low-carbon development, Huang Runqiu stated that China has established the world's largest carbon emission trading market and is operating stably, covering over 60% of the country's carbon emissions. China has also launched a voluntary greenhouse gas emission reduction trading market, accelerated the establishment of a product carbon footprint management system, and significantly enhanced the endogenous driving force and innovation vitality of green development.

Data shows that as of September 18, 2025, the cumulative trading volume of quotas in the national carbon emission trading market has reached 714 million tons, with a cumulative trading volume of 48.961 billion yuan. Vice Minister of Ecology and Environment Li Gao introduced that the standardization, accuracy, and timeliness of carbon emission data statistics and accounting have been greatly improved. The national carbon market has achieved a stable start and operation, and has become a powerful measure to achieve carbon peak and carbon neutrality, and a beautiful business card for China to actively respond to climate change.

At the same time, the Ministry of Ecology and Environment is leading the construction of a management system for product carbon footprint. Guided the release of over 100 product carbon footprint accounting standards; The national greenhouse gas emission factor database has been launched, filling the data gap in China; Regularly release national electricity carbon footprint factor data; Assist enterprises in actively responding to international carbon trade barriers and promote the international linkage and mutual recognition of carbon footprint rules and standards.

Next, we will continue to implement the national strategy of actively addressing climate change, actively and steadily promote carbon peak and carbon neutrality, accelerate the construction of a more effective, dynamic, and internationally influential carbon market, improve product carbon footprint accounting standards, promote green and low-carbon transformation, and continuously enhance the 'green content' of economic development, "said Li Gao.