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At GSH, we are committed to providing a neutral platform through our events, gathering the latest expert insights and practical actions that address the current challenges faced by steel industry, and laying a solid foundation for a more sustainable future that steel production and the climate change coexist in harmony.\n <br />\n Driven by a vision of a worldwide steel production is not only efficient but also environmentally responsible, steel industry is striving to reduce carbon emissions, minimize waste, and conserve natural resources. GSH’s mission is to build a bridge for steel industry participants, promote expert exchanges and business corporations, accelerate the sustainability process of the steel industry, and shape a brighter and cleaner tomorrow for future generations.","news":"News","copyrightStatement":"Copyright Statement","copyright":"\n<div>1、All works on this website marked \"ECV International\" are the legally copyrighted works of this website. 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The Director-General of the Department of Climate Change, Xia Yingxian, attended the conference, and the ministry&rsquo;s spokesperson, Pei Xiaofei, hosted it, jointly responding to questions from reporters.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><strong><span lang=\"EN-US\">Conference Highlights</span></strong></p>\n<p style=\"mso-pagination: widow-orphan;\"><span lang=\"EN-US\">In response to a question from a reporter from China National Radio, Xia Yingxian stated that to implement the 2024 Government Work Report's mandate for expanding the national carbon market, the Ministry of Ecology and Environment developed the <em>National Carbon Emissions Trading Market Work Plan</em>, which covers the cement, steel, and aluminum smelting industries. The ministry sought feedback from stakeholders and issued four technical guidelines, including accounting and verification standards for the cement and aluminum smelting sectors. It is also accelerating the development of accounting and verification guidelines specific to the steel industry.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><span lang=\"EN-US\">Moving forward, the ministry will further implement the <em>Interim Regulations on Carbon Emissions Trading Management</em>, revise and release supporting systems like the <em>Carbon Emissions Trading Management Measures</em>, and continuously improve data quality, strictly combating falsification and other illegal activities. The ministry aims to actively integrate the steel, cement, and aluminum smelting sectors into the national carbon emissions trading market, ultimately accelerating the development of a more efficient, dynamic, and globally influential carbon market.</span></p>\n<p class=\"MsoNormal\" style=\"text-align: left; text-indent: 15.0pt; line-height: 12.5pt; mso-pagination: widow-orphan; background: white; margin: 0cm 5.0pt .0001pt 5.0pt;\" align=\"left\"><strong><span lang=\"EN-US\" style=\"font-size: 12.0pt; color: black; mso-color-alt: windowtext; mso-font-kerning: 0pt; mso-bidi-language: AR;\">China National Radio:</span></strong><span lang=\"EN-US\" style=\"font-size: 12.0pt; color: black; mso-color-alt: windowtext; mso-font-kerning: 0pt; mso-bidi-language: AR;\"> The Ministry of Ecology and Environment has issued the 2023-2024 Carbon Emissions Trading Power Generation Industry Allowance and Allocation Plan. What progress and outcomes have been achieved since the mandatory carbon market launch, and what are the ministry's next plans and priorities for advancing the national carbon emissions trading market?</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><strong><span lang=\"EN-US\">Xia Yingxian</span></strong><span lang=\"EN-US\">: Thank you for your question.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><span lang=\"EN-US\">The national carbon emissions trading market&mdash;China&rsquo;s mandatory carbon market&mdash;uses market mechanisms to control greenhouse gas emissions and promote a green, low-carbon transition. It is a core policy tool for achieving China&rsquo;s dual carbon goals and climate commitments. Launched in July 2021, the market has seen cumulative trading volumes of nearly 500 million tons, with transaction value reaching 29.7 billion RMB. The price per ton has been steadily rising, now fluctuating around 100 RMB. The market has shown stable operations and continued to progress this year.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><strong><span lang=\"EN-US\">1.Improving the Regulatory Framework</span></strong><span lang=\"EN-US\">: In May, the State Council issued the <em>Interim Regulations on Carbon Emissions Trading Management</em>, marking China&rsquo;s first dedicated climate change regulation. This regulation, along with over 30 standards and guidelines on carbon accounting, verification, allowance allocation, registration, and settlement, forms a multi-tiered legal framework for China&rsquo;s carbon market.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><strong><span lang=\"EN-US\">2.Strengthening Data Quality Management</span></strong><span lang=\"EN-US\">: We prioritize data quality as the foundation of the carbon market, continuously optimizing carbon accounting and verification methods, implementing monthly record-keeping for key parameters, and conducting a three-level review (national, provincial, and municipal) to mitigate data quality risks early. The accuracy and timeliness of carbon accounting have significantly improved, supporting both market stability and other policies like carbon footprint management.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><strong><span lang=\"EN-US\">3.Conducting Power Sector Allowance Allocation and Compliance for 2023-2024</span></strong><span lang=\"EN-US\">: We developed the <em>2023-2024 Carbon Emissions Trading Power Generation Industry Allowance and Allocation Plan</em>, issued notifications for allowance distribution and compliance tasks, and worked with over 2,200 power generation companies at the provincial and municipal levels to ensure smooth market operations.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><strong><span lang=\"EN-US\">4.Laying the Groundwork for Expanding Industry Coverage</span></strong><span lang=\"EN-US\">: To meet the 2024 Government Work Report&rsquo;s mandate for expanding the national carbon market, we developed the <em>Work Plan for Expanding the National Carbon Emissions Trading Market to Cement, Steel, and Aluminum Smelting Industries</em>. After soliciting feedback, we issued four technical standards, including accounting and verification guidelines for cement and aluminum smelting, and we are accelerating the steel industry&rsquo;s accounting and verification guidelines.</span></p>\n<p style=\"mso-pagination: widow-orphan;\"><span lang=\"EN-US\">Next, we will further implement the <em>Interim Regulations on Carbon Emissions Trading Management</em>, introduce revised <em>Carbon Emissions Trading Management Measures</em>, strengthen data quality, and rigorously address illegal activities like data falsification. Our goal is to integrate the steel, cement, and aluminum smelting industries into the national carbon trading market, moving toward a more effective, vibrant, and globally impactful carbon market.</span></p>\n<p><em style=\"font-family: ui-sans-serif, system-ui, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; background-color: #ffffff;\"><span style=\"color: #ba372a;\">(This news is translated from&nbsp;</span><a href=\"http://www.csteelnews.com/xwzx/hydt/202411/t20241112_94411.html\"><u>csteelnews</u></a><span style=\"color: #ba372a;\">, if there is any infringement, please email &lt;marketing@ecvinternational.com&gt; to delete it.）</span></em></p>","created_at":"2024-11-15 15:59:50","description":"<p style=\"mso-pagination: widow-orphan;\"><span lang=\"EN-US\"><img style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"http://bizevent.oss-cn-shanghai.aliyuncs.com/image/backend_155936mt4z.png\" alt=\"\" width=\"660\" height=\"438\" /></span></p>\n<p style=\"mso-pagination: widow-orphan;\">&nbsp;</p>\n<p style=\"mso-pagination: widow-orphan;\"><span lang=\"EN-US\">On November 6, the Ministry of Ecology and Environment held its monthly press conference. The Director-General of the Department of Cl","tags":[{"id":1,"laravel_through_key":248,"name":"Steel"}]},"recommendNews":[{"id":252,"title":"Pangang’s High-Titanium Steel Casting Powder Patent Granted in Japan and South Korea","created_at":"2024-11-22 17:49:38"},{"id":251,"title":"JOIN IN ECV'S 3RD EUROPEAN GREEN STEEL SUMMIT 2025 | EGSS 2025","created_at":"2024-11-20 16:37:00"},{"id":250,"title":"European steel sector calls for action plan to safeguard industry in face of crisis","created_at":"2024-11-20 10:31:38"},{"id":248,"title":"Ministry of Ecology and Environment, P.R.C: Actively Promoting Carbon Trading in the Steel Industry and Accelerating the Development of Accounting and Verification Guidelines for the Steel Sector","created_at":"2024-11-15 15:59:50"},{"id":244,"title":"China Green Steel Summit 2024 will be held in a week","created_at":"2024-11-14 17:48:33"},{"id":243,"title":"Baowu Group will attend China Green Steel Summit 2024","created_at":"2024-11-14 15:39:04"}],"url":"https://www.greensteelhub.com/steel/news/248","description":""},"url":"/steel/news/248","version":"bd5a2f3230b4bd4d3f6dad10bf4001bf"}"><!--[--><!----><!--[--><!--[--><!--[--><!----><!--[--><header class="fixed w-full top-0 z-50 bg-white flex justify-center px-2 sm:px-0"><div class="w-steel h-16 flex items-center justify-between sm:justify-start"><a href="/steel"><img class="h-14" src="/images/steel/steel-word-logo.png" alt="Logo"></a><div class="gap-10 items-center ml-auto hidden sm:flex"><a href="/steel#news"><div class="relative px-4"><div class="text-[18px] text-gray-700">News</div><div style="display:none;" class="h-1 w-full absolute left-1/2 -translate-x-1/2 -bottom-2 bg-steel-green rounded-full"></div></div></a><a href="/steel#event"><div class="relative px-4"><div class="text-[18px] text-gray-700">Events</div><div style="" class="h-1 w-full absolute left-1/2 -translate-x-1/2 -bottom-2 bg-steel-green rounded-full"></div></div></a><a href="/steel#about-gsh"><div 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Industry and Accelerating the Development of Accounting and Verification Guidelines for the Steel Sector</div><div class="flex justify-between items-center"><div class="flex gap-3"><!--[--><div class="px-2 py-1 bg-gray-100 rounded text-[14px]">Steel</div><!--]--></div><div class="text-gray-500 text-[14px]">2024-11-15 15:59:50</div></div><div class="border-b my-3"></div><div id="news-content"></div></div><div class="sm:basis-1/4 sm:sticky sm:top-[72px]"><div class="p-3 bg-white rounded-lg mt-3 sm:mt-0"><div class="flex justify-around items-center"><div class="w-[20px] h-[20px] cursor-pointer"><svg fill="#0C66C2" viewBox="0 0 448 512"><path d="M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 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href="/steel/news/243#news"><div class="text-[14px] line-clamp-2 mb-1">Baowu Group will attend China Green Steel Summit 2024</div></a><div class="text-[12px] text-gray-500">2024-11-14 15:39:04</div></div><!--]--></div></div></div></section><div class="bg-[#1A1A1A] py-10 leading-loose"><div class="flex justify-center mb-3"><div class="w-metal flex gap-4 items-start flex-wrap px-3 sm:px-0 sm:flex-nowrap"><div class="text-[14px] sm:basis-2/3"><div class="text-white font-medium mb-[20px]">About GSH</div><div class="text-gray-400">Green Steel Hub (GSH), ECV’s “Green Steel” series global event center, is a gateway to a greener steel future. At GSH, we are committed to providing a neutral platform through our events, gathering the latest expert insights and practical actions that address the current challenges faced by steel industry, and laying a solid foundation for a more sustainable future that steel production and the climate change coexist in harmony. <br /> Driven by a vision of a worldwide steel production is not only efficient but also environmentally responsible, steel industry is striving to reduce carbon emissions, minimize waste, and conserve natural resources. GSH’s mission is to build a bridge for steel industry participants, promote expert exchanges and business corporations, accelerate the sustainability process of the steel industry, and shape a brighter and cleaner tomorrow for future generations.</div></div><div class="text-[14px] sm:basis-1/3 mt-4 sm:mt-0"><div class="text-white font-medium mb-[20px]">Contact Us</div><div class="mb-3"><div class="mb-3"><!----><img class="w-32 h-32 rounded-md" src="/images/steel/new-whatsapp.jpg" alt="whatsapp"></div><div class="flex items-center gap-3"><a href="https://www.linkedin.com/company/4859237/" target="_blank"><svg class="w-6 h-6" fill="#fff" viewBox="0 0 448 512"><path d="M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z"></path></svg></a><a target="_blank" href="https://twitter.com/ECV_Int"><svg class="w-6 h-6" fill="#fff" viewBox="0 0 448 512"><path d="M64 32C28.7 32 0 60.7 0 96V416c0 35.3 28.7 64 64 64H384c35.3 0 64-28.7 64-64V96c0-35.3-28.7-64-64-64H64zm297.1 84L257.3 234.6 379.4 396H283.8L209 298.1 123.3 396H75.8l111-126.9L69.7 116h98l67.7 89.5L313.6 116h47.5zM323.3 367.6L153.4 142.9H125.1L296.9 367.6h26.3z"></path></svg></a></div></div><div class="text-gray-400"><div class="flex items-center gap-1"><div>Phone:</div><a href="tel:+86 21 66059539">+86 21 66059539-813</a></div><div class="flex items-center gap-1"><div>Mobile Phone:</div><a href="tel:+86 13271915990">+86 13271915990</a></div><div class="flex items-center gap-1"><div>Email:</div><a href="mailto:marketing@ecvinternational.com">marketing@ecvinternational.com</a></div></div></div></div></div><div class="text-[12px] pb-[10px] text-gray-400 px-3 sm:text-center"><div class="text-white font-medium mb-[20px] text-[14px]">Associated Websites</div><div class="weblink sw-pub py-2 grid grid-cols-2 gap-5 text-center z-10 sm:flex sm:flex-wrap sm:justify-center"><a class="w-48" href="https://www.ecvinternational.com/" target="_blank"><img src="/ads/Public/img/static/associated_websites/ecv.png"></a><a class="w-48" href="https://www.ecv-events.com/" target="_blank"><img src="/ads/Public/img/static/associated_websites/ecvevents.png"></a><a class="w-48" href="https://www.ecvgreenmetal.com/" target="_blank"><img src="/ads/Public/img/static/associated_websites/ecvgreenmetal.png"></a><a class="w-48" href="https://www.shbizev.com/" target="_blank"><img src="/ads/Public/img/static/associated_websites/bizevent.png"></a></div></div><div class="text-[12px] pb-[40px] text-gray-400 px-3 sm:text-center"><div>©2010-2024 ecvinternational.com All rights reserved.</div><div><a href="/steel/about/Imprint#about-gsh">Imprint</a></div><a class="text-transparent" href="https://www.miit.gov.cn/" target="_blank">沪ICP备17029134号-5</a></div></div><!--]--><!--]--><!--]--><!--]--></div></body> </html>