China’s Polluters Take Steps to Meet EU’s Carbon Tax Challenge

China’s environment ministry is asking large industrial polluters to tighten up their emissions reporting, as it adopts the procedures necessary to expand its national carbon market and prepare Chinese industry for the European Union’s carbon tax.

Factories releasing the equivalent of more than 26,000 tons of CO2 a year across seven key industries will need to verify their 2022 data by December, according to a document posted on the ministry’s website on Wednesday. The industries include aluminum, cement, steel, petrochemicals, chemicals, paper and aviation, all of which are slated to join China’s carbon market by 2030 and some as early ...