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- China will publish 70 national carbon standards by the end of 2024.
- Standardized carbon calculation system to be in place by 2025.
- Focus on new energy vehicles, photovoltaic products, and lithium batteries.
China has released a comprehensive plan to standardize carbon emission calculations across key sectors to meet its carbon reduction targets. By the end of 2024, China will publish 70 national standards on carbon accounting, footprint, reduction, capture, utilization, and storage, covering all key sectors and companies, according to the National Development and Reform Commission, the State Administration for Market Regulation, and the Ministry of Emergency Management.
In 2025, a standardized calculation and evaluation system will be established for businesses, projects, and products. This system will ensure key sectors and products meet world-leading benchmarks for energy consumption control. The plan emphasizes the need to accelerate the formulation of national carbon footprint standards for new energy vehicles, photovoltaic products, and lithium batteries, which are significant for the country’s export growth.
Efforts will also be made to standardize the carbon footprint of products such as electronics, plastics, and construction materials, the plan states.
A recent document highlights China’s commitment to enhancing mechanisms for green and low-carbon development, improving the cap-and-trade system for carbon emissions, and moving toward peak carbon emissions by 2030 and carbon neutrality by 2060.