At the ongoing COP30 conference in Belém, Brazil, China’s national carbon market is stealing the show with impressive growth and tech-driven insights 🌍✨.
Speaking at the High-Quality Development and Experience Sharing of China’s Carbon Market side event on Monday, Li Gao, vice minister of ecology and environment, highlighted three key lessons:
1. Building a market suited to national conditions
2. Enhancing data quality and management with technology
3. Deepening international cooperation and mutual recognition
Since 2024, China’s emissions trading system (ETS) has expanded to steel, cement and aluminum. By the end of October 2025, it had traded over 770 million tonnes of carbon allowances—worth more than 51.8 billion yuan (around $7.3 billion). The voluntary emissions reduction market is also booming, fueling low-carbon tech and monetizing ecological products.
Global voices are cheering on this momentum. Valerie Hickey from the World Bank called China’s ETS “a model of steady and expanding growth,” while Diana Acconcia of the European Commission’s DG Climate Action praised the system and signaled readiness for deeper carbon pricing cooperation with the Chinese mainland.
With international exchange on the rise, China’s carbon market journey at COP30 is a reminder: tackling climate change is a team sport. Ready for more? 🤝🌱
Reference(s):
China's carbon market development draws global attention at COP30
cgtn.com
