Three additional industries added to carbon trading market

1,500 companies in steel, cement and aluminum sectors will be included

China will expand its national carbon trading market this year to include three additional major carbon-emitting industries as the country accelerates efforts to curb greenhouse gas emissions, the Ministry of Ecology and Environment announced on Wednesday.

Launched in July 2021, China's carbon trading market is already the world's largest. It currently covers 2,200 coal-fired power generation companies that emit about 5 billion metric tons of carbon dioxide annually.

The expansion will add about 1,500 companies in the steel, cement and electrolytic aluminum sectors, ministry spokesman Pei Xiaofei said at a news conference.