The development of China’s national carbon market: An overview
Peer-Reviewed Publication
Updates every hour. Last Updated: 15-Jun-2025 14:09 ET (15-Jun-2025 18:09 GMT/UTC)
China’s national carbon market has become the world’s largest carbon market and is expected to be a crucial policy instrument for achieving the country’s “dual carbon” goals. The design of China’s national carbon market integrates economic theory and international experiences, and more importantly, it fully considers China’s actual situation. This is reflected in key areas such as sectoral coverage, allowance allocation, cap setting, and the MRV (Monitoring, Reporting and Verification) system. Currently, China’s national carbon market has made effective progress in several aspects, but it also faces challenges.
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