China strengthens its carbon emissions statistical accounting system
Two new policies regarding carbon emissions accounting have been released. The “Work Plan to Strengthen the Carbon Emissions Statistical Accounting System”, issued by the National Development and Reform Commission, outlines a two-phase approach to enhance the robustness and accuracy of carbon emissions data and to strengthen regulatory oversight and management of emissions across sectors and regions. The “Guidelines for the Formulation of Carbon Footprint Accounting Rules and Standards for Key Industrial Products”, issued by the Ministry of Industry and Information Technology , aim to develop 200 carbon footprint accounting standards across key industries with high international trade volumes and significant emission reduction potential, such as steel, petrochemicals, new energy vehicles, and electronics.
