Top 10 highlights of China's economy in 2022

By Zhu Bochen
0 Comment(s)Print E-mail, March 26, 2022
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Photo taken on Jul. 16, 2021, shows a screen displaying real-time national carbon emission trading information in Wuhan, central China's Hubei Province. [Photo/Xinhua]

# Carbon trading market continuously optimized

Work concerning carbon peak and neutrality goals is expected to enter a critical implementation phase in 2022. Specifically, China's transportation and construction sectors will take the lead to reduce emission, and the energy and industrial fields will be required to speed up the elimination of backward production capacity, EY analyzed.

In addition, the national carbon market, which started trading on Jul. 16, 2021, will include more industries and sectors this year. Therefore, it is expected that the carbon quota price will continue to increase in the next decade, which will, in turn, facilitate the green transformation of industries and companies.

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