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<meta property="og:description" content="China’s state planner announced on Thursday it will set standards for key metrics such as carbon removal and emissions accounting" /> <meta property="og:url" content="https://www.asiafinancial.com/china-to-set-carbon-removal-emission-standards-for-key-sectors" /> <meta property="og:site_name" content="Asia Financial" /> <meta property="article:publisher" content="https://www.facebook.com/asiafinancialnewsgroup" /> <meta property="article:published_time" content="2024-08-08T14:06:57+00:00" /> <meta property="og:image" content="https://www.asiafinancial.com/wp-content/uploads/2024/06/AF-featured-february-2024-1.png" /> <meta property="og:image:width" content="710" /> <meta property="og:image:height" content="473" /> <meta property="og:image:type" content="image/png" /> <meta name="author" content="Vishakha Saxena" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:creator" content="@Asia_Financial" /> <meta 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.h1, .h2, .h3, h1, h2, h3, .tt-title-text{ margin-top: 0px !important; margin-bottom: 0px !important; } } #fkgUBk { display: none; } </style> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:description" content="China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to cut down its emissions, including hitting peak carbon levels by 2030" /> <meta name="twitter:title" content="China to Set Carbon Removal, Emission Standards for Key Sectors" /> <meta name="twitter:site" content="@ATFinancial_" /> <meta name="twitter:image" content="https://www.asiafinancial.com/wp-content/uploads/2024/06/AF-featured-february-2024-1.png" /><script type="application/ld+json">{ "@context": "http:\/\/schema.org", "@type": "newsarticle", "inLanguage": "en", "url": "https:\/\/www.asiafinancial.com", "articleBody": " \r\n\r\nChina\u2019s state planner announced on Thursday it will set standards for key metrics such as carbon removal and emissions accounting as part of latest efforts to meet its neutrality goals.\r\n\r\nThe National Development and Reform Commission (NDRC) said it would set standards for 70 areas, including carbon accounting, footprint, reduction, capture, utilisation and storage and energy consumption and efficiency.\r\n\r\nThe standards will apply to key industries including electricity, coal, steel, transport, building materials and petrochemicals, it said.\r\n\r\n \r\n<h3>Also on AF: <a href="https:\/\/www.asiafinancial.com\/bill-gates-backs-effort-to-boost-credibility-of-carbon-removal">Bill Gates Backs Effort to Boost Credibility of Carbon Removal<\/a><\/h3>\r\n \r\n\r\nThe national planner set a year-end deadline for publishing the standards, adding that it will also standardise systems to undertake calculations and evaluations by the end of 2025.\r\n\r\nThe agency said it will also push top energy-consuming and carbon-emitting businesses to use emerging technologies such as 5G and blockchain to monitor, calculate and analyse their carbon footprint.\r\n\r\nChina is the world\u2019s biggest emitter of greenhouse gases and has set ambitious targets to reduce its emissions, including hitting peak carbon levels by 2030 and becoming carbon neutral before 2060.\r\n\r\nAs part of its 14th-five-year plan \u2014 ending in 2025 \u2014 China has created <strong><a href="https:\/\/www.asiafinancial.com\/china-building-more-solar-wind-than-rest-of-world-combined" target="_blank" rel="noopener">record levels of solar and wind energy<\/a><\/strong> to reduce its reliance on coal, while also establishing its dominance in other clean technologies such as electric vehicles (EVs) and batteries.\r\n\r\n<strong><a href="https:\/\/www.asiafinancial.com\/china-sets-ambitious-plan-to-further-cut-emissions-by-2030" target="_blank" rel="noopener">Earlier this month<\/a><\/strong>, Beijing indicated that tackling carbon emissions would continue to be a major focus for the country in its 15th-five-year plan, whose end will coincide with China\u2019s peak emissions deadline.\r\n\r\nFor the second-half of the decade, China hopes to focus on emissions intensity \u2014 the volume of greenhouse gasses emitted per unit of GDP. China's cabinet has also vowed to make major industries and the country's economic planners accountable for its carbon goals.\r\n\r\nOn Thursday, the state planner said its push to standardise aimed to help this plan.\r\n\r\n \r\n<h2>Standards for accounting, removal, recycling<\/h2>\r\nTo set new standards, the state planner said it will look to accelerate research and revise existing standards for carbon emissions accounting. The move was aimed at developing the country\u2019s emissions trading market, it said.\r\n\r\nThe NDRC also vowed to develop standards for the carbon footprint of trade-oriented technologies such as new energy vehicles (NEVs), photovoltaics and lithium batteries, as well as electronic appliances, plastics, and building materials.\r\n\r\nEmission reduction accounting standards will also be set for energy efficiency improvement, renewable energy utilisation, surplus energy utilisation, and methane emission reduction and utilisation, it added.\r\n\r\nThe agency will also formulate carbon removal technology standards such as ecological carbon sinks and carbon capture, utilisation and storage, along with standards for their quantification and verification, it said.\r\n\r\nIt added it will also formulate recycling and disassembly standards for disposable tech such as automobiles, electronic products, household appliances.\r\n\r\n \r\n<h2>Financial backing, international cooperation vow<\/h2>\r\nWhile those plans are a step towards addressing the biggest challenges to China\u2019s decarbonisation goals \u2014 like growing electricity demand or excess renewable energy <strong><a href="https:\/\/www.reuters.com\/business\/energy\/chinas-blistering-solar-power-growth-runs-into-grid-blocks-2024-05-22\/" target="_blank" rel="noopener">flooding its grids<\/a><\/strong> \u2014 their effectiveness remains to be seen.\r\n\r\nHistorically China\u2019s green transition has been hampered by systemic issues like corruption and increasing extreme weather events like floods caused by torrential downpours and <strong><a href="https:\/\/www.asiafinancial.com\/chinas-east-bakes-as-record-heatwave-sparks-power-crunch-fears" target="_blank" rel="noopener">relentless heatwaves<\/a><\/strong>.\r\n\r\nBut the NDRC is betting on meeting its goals through training, finance and international cooperation.\r\n\r\n\u201cFinance at all levels will increase\u201d, the state planner said, adding it will \u201cactively guide social capital investment\u201d into the standardisation effort.\r\n\r\nThe NDRC also pledged to bank on international standardisation efforts, while also calling on greater Chinese participation in international measurement and standardisation organisations.\r\n\r\n \r\n<ul>\r\n \t<li>Vishakha Saxena<\/li>\r\n<\/ul>\r\n \r\n<h4>Also read:<\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/china-india-ask-rich-nations-for-trillions-in-climate-finance" target="_blank" rel="noopener">China, India Ask Rich Nations For \u2018Trillions\u2019 in Climate Finance<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/climate-crisis-has-cost-china-billions-already-this-year" target="_blank" rel="noopener">Climate Crisis Has Cost China Billions Already This Year<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/china-sets-ambitious-plan-to-further-cut-emissions-by-2030" target="_blank" rel="noopener">China to Set Emission Quotas for Industries, Economic Planners<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/china-turns-to-carbon-capture-biomass-for-coal-power-emissions" target="_blank" rel="noopener">China Turns to Carbon Capture, Biomass For Coal Power Emissions<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/solar-overcapacity-kills-projects-fuels-bankruptcies-in-china" target="_blank" rel="noopener">Solar Overcapacity Kills Projects, Fuels Bankruptcies In China<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/china-building-more-solar-wind-than-rest-of-world-combined" target="_blank" rel="noopener">China Building More Solar, Wind Than Rest of World Combined<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/state-funding-puts-china-15-years-ahead-of-us-in-nuclear-power" target="_blank" rel="noopener">State Funding Puts China \u201915 Years Ahead of US\u2019 in Nuclear Power<\/a><\/h4>\r\n<h4><strong><a href="https:\/\/www.asiafinancial.com\/a-third-of-carbon-credits-fail-on-new-high-integrity-criteria" target="_blank" rel="noopener">A Third of Carbon Credits Fail on New \u2018High-Integrity\u2019 Criteria<\/a><\/strong><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/methane-emissions-surge-fuelling-climate-fears-guardian" target="_blank" rel="noopener">Methane Emissions Surge, Fuelling Climate Fears \u2013 Guardian<\/a><\/h4>\r\n<h4><a href="https:\/\/www.asiafinancial.com\/zero-carbon-breakthrough-for-industrys-dirty-businesses-na" target="_blank" rel="noopener">Zero-Carbon Breakthrough For Industry\u2019s Dirty Businesses \u2013 NA<\/a><\/h4>\r\n \r\n\r\n ", "articleSection": "Asia", "mainEntityOfPage": { "@type": "WebPage", "url": "https:\/\/www.asiafinancial.com\/china-to-set-carbon-removal-emission-standards-for-key-sectors" }, "headline": "China to Set Carbon Removal, Emission Standards for Key Sectors", "description": "China is the world\u2019s biggest emitter of 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type='text/css'> .tt-header .main-nav>ul>li:not(.mega)>ul>li>a:hover, .tt-header .main-nav>ul>li:not(.mega)>ul>li>ul>li>a:hover, .mega.type-2 ul.tt-mega-wrapper li>ul a:hover, .tt-mega-list a:hover, .tt-s-popup-devider:after, .tt-s-popup-close:hover:before, .tt-s-popup-close:hover:after, .tt-tab-wrapper.type-1 .tt-nav-tab-item:before, .tt-pagination a:hover, .tt-pagination li.active a, .tt-thumb-popup-close:hover, .tt-video-popup-close:hover, .c-btn.type-1.color-2:before, .c-btn.type-1.style-2.color-2, .page-numbers a:hover, .page-numbers li span.current, .tpl-progress .progress-bar, .c-pagination.color-2 .swiper-active-switch, .tt-comment-form .form-submit, .woo-pagination span.current, .woo-pagination a:hover { background: #00447c } .tt-header .main-nav>ul>li.active>a, .tt-header .main-nav>ul>li:hover>a, .tt-s-popup-btn:hover, .tt-header.color-2 .top-menu a:hover, .tt-header.color-2 .top-social a:hover, .tt-s-popup-submit:hover .fa, .tt-mslide-label a:hover, .tt-sponsor-title:hover, 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.c-pagination.color-2 .swiper-pagination-switch, .c-pagination.color-2 .swiper-active-switch, .tt-search input[type="text"]:focus, #loader, .c-btn.type-1.color-2, .c-input:focus, .c-btn.type-3.color-2:hover, .c-area:focus, .tt-title-text, .c-pagination.color-2 .swiper-pagination-switch, .tt-comment-form .form-submit, .custom-arrow-left.tt-swiper-arrow-3:hover, .custom-arrow-right.tt-swiper-arrow-3:hover { border-color: #00447c } .woocommerce .onsale, .woocommerce-page .onsale, .ajax_add_to_cart.c-btn.type-2, .product_type_variable.add_to_cart_button.c-btn.type-2, .tt-custom-pagination .current, .price_slider_amount button[type="submit"], .widget_price_filter .ui-slider .ui-slider-handle, .widget_shopping_cart .buttons .checkout, .woocommerce-form-login input[type="submit"], .woocommerce .shop_table .button[name="apply_coupon"], .woocommerce-page .shop_table .button[name="apply_coupon"], .single_add_to_cart_button, .woocommerce .shop_table .button[name="update_cart"], .woocommerce-page 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max-width: 370px; height: 45px; line-height: 45px } body.archive .tt-post-views { display: none!important } @media (max-width:767px) { .tt-iframe.smallVid { display: block!important } } .custom-color-properties-1000:after { background: #eaeaea!important } .custom-color-properties-1000 .tt-title-text { border-color: #00447b!important; color: #111111!important } .custom-color-properties-1001 .tt-title-text { border-color: #00447b!important; color: #111111!important } .custom-color-properties-1002 .tt-title-text { border-color: #ff5353!important; color: #111111!important } .custom-color-properties-1003 .tt-title-text { border-color: #ff53a0!important; color: #111111!important } .custom-color-properties-1004 .tt-title-text { border-color: #8ac53e!important; color: #111111!important } .custom-color-properties-1005 .tt-title-text { border-color: #8ac53e!important; color: #111111!important } @font-face { font-family: ; src: ; font-weight: 400; font-style: normal } .tt-post { border: 1px solid 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.tt-post-label-new { margin-bottom: -8px; margin-top: 13px; } </style> <div id="page-wrapper" class="content top-bottom"> <div class="container"> <div class="row story-div"> <div class="marg-lg-b20"></div> <div class="col-md-8"> <div class="story-top"> <div class="reports-big-head"> <div class="tt-post-label tt-post-label-new"> <span class="tt-post-label-new tt-post-cat"> <a href="https://www.asiafinancial.com/carbon">Carbon</a> </span></div> <h1 class="reports-big-head">China to Set Carbon Removal, Emission Standards for Key Sectors</h1> </div> <div class="tt-post type-3"> <div class="tt-post-label" style="font-size:14px;">  <span class="tt-post-date" style="margin-left:5px;">August 8, 2024</span></div> <div class="col post-excerpt" style="margin-top:10px;"> <h4> <p>China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to cut down its emissions, including hitting peak carbon levels by 2030</p> </h4> </div> <br> <div class="sharethisbx"> <ul class="custom-share"> <li class="facebook"> <a target="_blank" rel="nofollow" href="https://www.facebook.com/sharer/sharer.php?u=https://www.asiafinancial.com/china-to-set-carbon-removal-emission-standards-for-key-sectors"> <i class="fb"><img alt="facebook" src="https://www.asiafinancial.com/wp-content/themes/atf/images/facebook.svg"></i> </a> </li> <li class="twit"> <a rel="nofollow" target="_blank" href="https://twitter.com/share?text=China%20to%20Set%20Carbon%20Removal%2C%20Emission%20Standards%20for%20Key%20Sectors&url=https://www.asiafinancial.com/china-to-set-carbon-removal-emission-standards-for-key-sectors"> <i class="twit"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/twitter.svg?v=1" alt="twitter"></i> </a> </li> <li class="whatsapp"> <a rel="nofollow" href="whatsapp://send?text=https://www.asiafinancial.com/china-to-set-carbon-removal-emission-standards-for-key-sectors"> <i class="wapp"><img src="https://www.asiafinancial.com/wp-content/themes/atf/images/whatsapp.svg" alt="whatsapp"></i> </a> </li> </ul> </div> </div> </div> <div class="story-big-img"> <figure>  <img src="https://www.asiafinancial.com/wp-content/uploads/2024/06/AF-featured-february-2024-1.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="A dome is installed over a Hualong One nuclear power unit at Fangchenggang nuclear power plant in Guangxi Zhuang Autonomous Region" loading="lazy" srcset="https://www.asiafinancial.com/wp-content/uploads/2024/06/AF-featured-february-2024-1.png 710w, https://www.asiafinancial.com/wp-content/uploads/2024/06/AF-featured-february-2024-1-300x200.png 300w" sizes="100vw" /> <figcaption style="line-height: 17px; font-size: 12px; font-weight: 500; margin-top: 10px; color: #aaaaaa;"> A dome is installed over a Hualong One nuclear power unit at Fangchenggang nuclear power plant in Guangxi Zhuang Autonomous Region, in this image provided by the nuclear power plant and released by China Daily via Reuters. </figcaption> </figure> </div> <div class="content"> <p> </p> <p>China’s state planner announced on Thursday it will set standards for key metrics such as carbon removal and emissions accounting as part of latest efforts to meet its neutrality goals.</p> <p>The National Development and Reform Commission (NDRC) said it would set standards for 70 areas, including carbon accounting, footprint, reduction, capture, utilisation and storage and energy consumption and efficiency.</p> <p>The standards will apply to key industries including electricity, coal, steel, transport, building materials and petrochemicals, it said.</p> <p> </p> <h3>Also on AF: <a href="https://www.asiafinancial.com/bill-gates-backs-effort-to-boost-credibility-of-carbon-removal">Bill Gates Backs Effort to Boost Credibility of Carbon Removal</a></h3> <p> </p> <p>The national planner set a year-end deadline for publishing the standards, adding that it will also standardise systems to undertake calculations and evaluations by the end of 2025.</p> <p>The agency said it will also push top energy-consuming and carbon-emitting businesses to use emerging technologies such as 5G and blockchain to monitor, calculate and analyse their carbon footprint.</p> <p>China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to reduce its emissions, including hitting peak carbon levels by 2030 and becoming carbon neutral before 2060.</p> <p>As part of its 14th-five-year plan — ending in 2025 — China has created <strong><a href="https://www.asiafinancial.com/china-building-more-solar-wind-than-rest-of-world-combined" target="_blank" rel="noopener">record levels of solar and wind energy</a></strong> to reduce its reliance on coal, while also establishing its dominance in other clean technologies such as electric vehicles (EVs) and batteries.</p> <p><strong><a href="https://www.asiafinancial.com/china-sets-ambitious-plan-to-further-cut-emissions-by-2030" target="_blank" rel="noopener">Earlier this month</a></strong>, Beijing indicated that tackling carbon emissions would continue to be a major focus for the country in its 15th-five-year plan, whose end will coincide with China’s peak emissions deadline.</p> <p>For the second-half of the decade, China hopes to focus on emissions intensity — the volume of greenhouse gasses emitted per unit of GDP. China’s cabinet has also vowed to make major industries and the country’s economic planners accountable for its carbon goals.</p> <p>On Thursday, the state planner said its push to standardise aimed to help this plan.</p> <p> </p> <h2>Standards for accounting, removal, recycling</h2> <p>To set new standards, the state planner said it will look to accelerate research and revise existing standards for carbon emissions accounting. The move was aimed at developing the country’s emissions trading market, it said.</p> <p>The NDRC also vowed to develop standards for the carbon footprint of trade-oriented technologies such as new energy vehicles (NEVs), photovoltaics and lithium batteries, as well as electronic appliances, plastics, and building materials.</p> <p>Emission reduction accounting standards will also be set for energy efficiency improvement, renewable energy utilisation, surplus energy utilisation, and methane emission reduction and utilisation, it added.</p> <p>The agency will also formulate carbon removal technology standards such as ecological carbon sinks and carbon capture, utilisation and storage, along with standards for their quantification and verification, it said.</p> <p>It added it will also formulate recycling and disassembly standards for disposable tech such as automobiles, electronic products, household appliances.</p> <p> </p> <h2>Financial backing, international cooperation vow</h2> <p>While those plans are a step towards addressing the biggest challenges to China’s decarbonisation goals — like growing electricity demand or excess renewable energy <strong><a href="https://www.reuters.com/business/energy/chinas-blistering-solar-power-growth-runs-into-grid-blocks-2024-05-22/" target="_blank" rel="noopener">flooding its grids</a></strong> — their effectiveness remains to be seen.</p> <p>Historically China’s green transition has been hampered by systemic issues like corruption and increasing extreme weather events like floods caused by torrential downpours and <strong><a href="https://www.asiafinancial.com/chinas-east-bakes-as-record-heatwave-sparks-power-crunch-fears" target="_blank" rel="noopener">relentless heatwaves</a></strong>.</p> <p>But the NDRC is betting on meeting its goals through training, finance and international cooperation.</p> <p>“Finance at all levels will increase”, the state planner said, adding it will “actively guide social capital investment” into the standardisation effort.</p> <p>The NDRC also pledged to bank on international standardisation efforts, while also calling on greater Chinese participation in international measurement and standardisation organisations.</p> <p> </p> <ul> <li>Vishakha Saxena</li> </ul> <p> </p> <h4>Also read:</h4> <h4><a href="https://www.asiafinancial.com/china-india-ask-rich-nations-for-trillions-in-climate-finance" target="_blank" rel="noopener">China, India Ask Rich Nations For ‘Trillions’ in Climate Finance</a></h4> <h4><a href="https://www.asiafinancial.com/climate-crisis-has-cost-china-billions-already-this-year" target="_blank" rel="noopener">Climate Crisis Has Cost China Billions Already This Year</a></h4> <h4><a href="https://www.asiafinancial.com/china-sets-ambitious-plan-to-further-cut-emissions-by-2030" target="_blank" rel="noopener">China to Set Emission Quotas for Industries, Economic Planners</a></h4> <h4><a href="https://www.asiafinancial.com/china-turns-to-carbon-capture-biomass-for-coal-power-emissions" target="_blank" rel="noopener">China Turns to Carbon Capture, Biomass For Coal Power Emissions</a></h4> <h4><a href="https://www.asiafinancial.com/solar-overcapacity-kills-projects-fuels-bankruptcies-in-china" target="_blank" rel="noopener">Solar Overcapacity Kills Projects, Fuels Bankruptcies In China</a></h4> <h4><a href="https://www.asiafinancial.com/china-building-more-solar-wind-than-rest-of-world-combined" target="_blank" rel="noopener">China Building More Solar, Wind Than Rest of World Combined</a></h4> <h4><a href="https://www.asiafinancial.com/state-funding-puts-china-15-years-ahead-of-us-in-nuclear-power" target="_blank" rel="noopener">State Funding Puts China ’15 Years Ahead of US’ in Nuclear Power</a></h4> <h4><strong><a href="https://www.asiafinancial.com/a-third-of-carbon-credits-fail-on-new-high-integrity-criteria" target="_blank" rel="noopener">A Third of Carbon Credits Fail on New ‘High-Integrity’ Criteria</a></strong></h4> <h4><a href="https://www.asiafinancial.com/methane-emissions-surge-fuelling-climate-fears-guardian" target="_blank" rel="noopener">Methane Emissions Surge, Fuelling Climate Fears – Guardian</a></h4> <h4><a href="https://www.asiafinancial.com/zero-carbon-breakthrough-for-industrys-dirty-businesses-na" target="_blank" rel="noopener">Zero-Carbon Breakthrough For Industry’s Dirty Businesses – NA</a></h4> <p> </p> <p> </p> <div class="tags"> Tags: <a href="https://www.asiafinancial.com/tag/carbon" rel="tag">Carbon</a><a href="https://www.asiafinancial.com/tag/carbon-capture" rel="tag">Carbon Capture</a><a href="https://www.asiafinancial.com/tag/carbon-credits" rel="tag">Carbon Credits</a><a href="https://www.asiafinancial.com/tag/carbon-markets" rel="tag">Carbon Markets</a><a href="https://www.asiafinancial.com/tag/carbon-offsets" rel="tag">Carbon Offsets</a><a href="https://www.asiafinancial.com/tag/carbon-removal" rel="tag">Carbon 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She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. 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