CARBON LIQUIDITY FOR NEUTRALITY

To meet the government’s avowed targets of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060, all eyes are on the national carbon emissions trading scheme that is expected to go online in June. As a major step forward toward the launch, a set of interim rules for carbon emissions trading management came into effect on February 1.

Pilot trading of carbon emissions started 10 years ago in seven provinces and cities including Beijing, Shanghai and Guangdong, covering power generation, iron and steel production and cement manufacturing sectors. Later, a nationwide carbon emissions