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China’s Carbon Trading Market to Encompass Steel and Aluminum Sectors

China's Carbon Trading Market to Encompass Steel and Aluminum Sectors

Via Metal Miner   It has been in the works for some time now. China is finally all set to add industrial metal sectors like steel and aluminum as well as cement to its national carbon trading market. According to media reports, the change will happen by the end of 2024. Essentially, this means domestic steel, aluminum and cement producers will soon have to pay more for their carbon emissions. By including these three industries, China hopes that lowering emissions will help ease the impact of a new EU carbon tariff, CBAM, which goes into effect…

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