Latest News

China looks for feedback on draft standards to measure steel sector emissions

China is seeking public feedback on new guidelines for the reporting of greenhouse gas emissions from the steel industry, the environment ministry said on Friday, part of efforts to prepare mills for their entry into the nation's carbon market.

China released a draft plan in September to extend its emissions trading plan to the steel, cement and aluminium sectors by the end of this year, putting hundreds of firms under pressure to boost their monitoring capabilities.

Brand-new international schemes like Europe's Carbon Border Change Mechanism likewise require exporters from China and elsewhere to account totally for the carbon dioxide emissions they produce when making their products.

The guidelines are developed to standardise the method greenhouse gas emissions in the steel sector are determined and fulfill the needs of the expanded national carbon market, the Ministry of Ecology and Environment stated in a declaration.

Feedback can be submitted by the public till Dec. 16 on the new rules, which will apply to all steel enterprises associated with the carbon market, it stated.

China's enormous steel sector accounts for around 17% of its total greenhouse gas emissions, with most of its plants still greatly reliant on coal-fired blast furnaces and coal-fired electricity supplies.

China's steelmakers generate an average of 2.3 metric tons of co2 per lots of steel produced, greater than the worldwide average of 1.4 tons, the Asia Research & & Engagement believe tank stated in a report released today.

(source: Reuters)