China’s Ministry of Ecology and Environment has prepared new guidelines for reporting greenhouse gas emissions in the steel sector and has begun collecting public comments. The guidelines are designed as part of the country’s efforts to integrate steelmakers into the national carbon trading system by the end of 2024.
The draft regulations aim to standardize emissions measurement in the steel sector and ensure compliance with the requirements of the expanded carbon market, the ministry said. Public consultations will continue until December 16. The final guidelines will be binding for all steel enterprises under the emissions trading system.
The ministry announced on September 9 that it plans to include high-emission sectors such as cement, steel and aluminum into the emissions trading system. Between 2024 and 2026, companies operating in these sectors will be granted unlimited free total emission permits allocated by the government. However, these permits will be gradually tightened starting in 2027.
China’s steel sector accounts for about 17% of total greenhouse gas emissions and is a major source of national emissions. Most steel mills rely on coal-fired blast furnaces and electricity, making the sector one of the most carbon-intensive in the world.
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