Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China formulating scheme of carbon emission right trading quotas in steel industry

May 28, 2018


Abstract : A scheme about the carbon emission right trading quotas in the domestic steel industry is under research and development, according to Li Xinchuang, president of China Metallurgical Industry Planning and Research Institute at a recent steel forum.

碳排放

BEIJING, May 28 (Xinhua) -- A scheme about the carbon emission right trading quotas in the domestic steel industry is under research and development, according to Li Xinchuang, president of China Metallurgical Industry Planning and Research Institute at a recent steel forum, quoted by the Xinhua-run Shanghai Securities News.

It shows a crucial stage for the carbon trading market of the steel industry, after the domestic power industry was firstly included in the national carbon emission trading market at the end of 2017.

China is the world’s largest steel producer and consumer, accounting for nearly 50 percent of the world’s crude steel production and the steel industry accounts for nearly 15 percent of China’s total carbon emissions. The low-carbon transition development is of great significance to China's steel industry, said Li.

The carbon emission trading market is recognized as an important means to guide the development of low-carbon enterprises.

In the past, the government encouraged energy conservation and emission reduction by both standards and subsidies. However, subsidies are not long-term measures and implementation of the standards is also difficult. By contrast, the mechanism of carbon emissions trading is a good method to regulate corporate behaviors, said Zhang Xiliang, a professor of Institute of Energy, Environment and Economy, Tsinghua University. (Edited by Hu Pingchao, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: China-steel carbon-emission

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial