The Shanxi Provincial Department of Ecology and Environment announced that as of December 30, 2024, all 105 key emission entities covered under the national carbon market quota management system successfully completed their carbon allowance settlements on time and in full.
Source: China National Radio (CNR)
The Shanxi Provincial Department of Ecology and Environment announced that as of December 30, 2024, all 105 key emission entities covered under the national carbon market quota management system successfully completed their carbon allowance settlements on time and in full. This achievement represents a 100% compliance rate for the 2023 reporting period.
As a resource-intensive and high-carbon economy, Shanxi Province faces significant challenges in meeting its carbon peaking and carbon neutrality goals due to its large total emissions, high emission intensity, and above-average per capita carbon footprint. Despite these challenges, Shanxi has made notable progress since 2024 by actively engaging in the national carbon market. The province has strengthened joint regulatory mechanisms, enhanced oversight of carbon trading, and systematically implemented quota management and compliance measures, leading to a continuous reduction in carbon intensity in its thermal power sector.
To further advance its pollution and carbon reduction efforts, Shanxi has introduced key local standards, including the "Guidelines for Carbon Emission Management Systems in Key Industries" (DB14/T 2970–2024) and the "Evaluation Standards for Carbon Emission Management Systems in Key Industries" (DB14/T 2971–2024). Additionally, the province released an "Operational Guide for Key Emission Entities Participating in the National Carbon Market" and organized specialized training programs. These initiatives aim to guide major emitters in industries such as power generation, aluminum smelting, steel, and cement to adopt effective carbon control measures and enhance their ability to participate in carbon trading.