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China's carbon market hits record trading volume
The national carbon market in China recorded a record trading volume of 961 million tons of CO₂ equivalent by the end of August 2026, with a trading value of 65.7 billion yuan (approximately $9.71 billion). The market was expanded in 2025 to include key industrial sectors such as power generation, steel, cement, and aluminum smelting, covering about 8.3 billion tons of CO₂ emissions, representing more than 65% of the national total. China is actively enhancing the market's role in reducing emissions and increasing international cooperation, with a growing number of participants and overall trading volume. In 2025, the market set a record for annual trading volume, increasing by 24.36% compared to the previous year.
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