China's carbon market surpasses $9.7 billion
The article discusses the developments in China's carbon market up to August 2026, where the total trading value has reached approximately $9.71 billion. Since its launch in July 2021, about 961 million tons of carbon dioxide emissions have been traded. The market has expanded to include around 3,680 major sources across the energy, steel, cement, and aluminum smelting sectors, covering more than 65% of China's total emissions. The market has recorded an annual growth rate of 24.36% in trading volume, driven by increased demand for emission reductions and support for climate change mitigation efforts.
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