China’s carbon market grabbed global spotlight at COP30 in Belém, Brazil 🌍. At the 'China Pavilion' side event, Li Gao, Chinese vice minister of ecology and environment, shared three big lessons from China’s expanding emissions trading system (ETS).
- Fit for national conditions: China built its ETS step by step, starting with power plants and now covering steel, cement and aluminum. This tailored approach helps ensure the market works for local industries.
- Tech-powered data quality: Using digital platforms and improved monitoring ensures reliable carbon data—think real-time tracking and transparent reporting, which builds trust and accountability. 📊
- Global cooperation & recognition: China is keen to connect its ETS with other carbon markets and boost mutual recognition, making it easier for countries to trade credits across borders. 🤝
Since 2024, trading volume has soared past 770 million tonnes of carbon allowances, worth over 51.8 billion yuan (~$7.3 billion) by October 2025. The voluntary emissions reduction market is also booming, opening doors for low-carbon technologies and monetizing ecological products. 💡
Global experts like Valerie Hickey from the World Bank praised China’s ETS as 'a model of steady and expanding growth,' while Diana Acconcia from the European Commission’s climate arm welcomed deeper EU-China cooperation on carbon pricing.
For young pros and eco-warriors across South and Southeast Asia, these insights spotlight how smart market design, tech-savvy data solutions, and international teamwork can drive real climate action. Let’s watch how this model shapes carbon markets from Mumbai to Manila!
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China's carbon market development draws global attention at COP30
cgtn.com
