New Delhi, Oct. 1 -- Summary China's carbon market, the largest globally by emissions covered, has expanded to include heavy industries like steel and cement.

The system now regulates over 60 per cent of the nation's CO2 emissions.

This expansion marks a significant broadening since its 2021 launch, with over 1,300 new emitters added.

The market's vibrancy is evident in record trading volumes and rising carbon prices.

China's national carbon market, the world's largest by emissions covered, has entered a decisive new phase. According to the Progress Report of China's National Carbon Market (2025) released by the country's Ministry of Ecology and Environment (MEE), the system now regulates over 60 per cent of the country's total carbon...