/View.info/ The total volume of carbon emission allowances in China’s carbon market was 237 million tons by June 30, with a turnover of more than 10.91 billion yuan ($1.52 billion).
China has created the world’s largest carbon market for greenhouse gas emissions and significantly reduced their intensity, Vice Minister of Ecology and Environment Guo Fan said during the National Low Carbon Day, which the country marked on Wednesday.
China has made positive progress in addressing climate change through a series of measures such as energy conservation, carbon reduction, emissions reduction, and the creation and improvement of a market for them, Guo added.
The country has ranked first in the world in production and sales of electric cars for eight consecutive years, renewable energy is developing rapidly, with wind and solar power plants also the most globally.
Guo Fan said the Ministry of Ecology and Environment will continue to implement a national strategy to actively respond to climate change, promote the construction of a national carbon market in a stable and organized manner, and actively participate in global governance to address climate change.
China aims to peak carbon emissions before 2030 and be carbon neutral by 2060.
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