[Policy Update] China Establishes New Evaluation and Assessment System for Carbon Peak and Neutrality

📰 News Highlight

The General Office of the CPC Central Committee and the General Office of the State Council officially issued the "Measures for Comprehensive Evaluation and Assessment of Carbon Peak and Carbon Neutrality." This pivotal document integrates "dual-control" carbon emission requirements into the Party’s internal regulatory framework for the first time.

⚙️ Core Components

1.       "5+9" Indicator System: A two-tier assessment framework—

•5 Control Indicators: total carbon emissions, carbon intensity reduction, total coal consumption, total petroleum consumption, and the share of non-fossil energy—key to achieving the 2030 peak.

•9 Supporting Indicators: metrics spanning energy efficiency, industry, urban–rural development, transport, public institutions, and carbon trading.

2.       "Bottom-Up" Target Decomposition: Local governments propose targets and action plans based on local conditions, which are then reviewed and finalized at the national level to avoid a “one-size-fits-all” approach.

💡 Key Takeaways

1.       From Energy to Carbon Control: Formalizes the shift from “dual control of energy consumption” to “dual control of carbon emissions.”

2.       Stronger Political Accountability: Incorporates “dual carbon” targets into cadre evaluations, putting ecological performance on par with GDP growth.

3.       Dynamic Monitoring & Early Warning: Establishes real-time data monitoring and an early-warning system, enabling early intervention and creating a more stable, predictable environment for green investment.

[Market Update] 2026 Beijing International Sustainability Conference Successfully Held to Advance ISSB Standards

📰 News Highlight

The 2026 Beijing International Sustainability Conference was successfully convened in Beijing. Hosted by the IFRS Foundation and organized by its Beijing office, the event received broad support from the Multilateral Cooperation Center for Development Finance (MCDF), the Shanghai Institutes for International Studies (SIIS), China Construction Bank (CCB), and the ACCA.

💡 Key Takeaways

1.       ISSB as Global Baseline: The conference reaffirmed that ISSB standards serve as the global baseline for sustainability-related financial disclosures.

2.       Enhanced Cross-Border Coordination: Emphasized the need to harmonize regulatory frameworks and strengthen collaboration among regulators, financial institutions, and professional bodies to ensure high-quality, comparable sustainability information.

[Carbon Market]

During April 20 – April 24, the total transaction volume of Carbon Emission Allowances (CEA) in Chinese National Carbon Market reached 4,417,062 tons, with a total transaction value of USD 47,268,682.74. The highest price was USD 11.35/ton, and the lowest price was USD 10.03/ton. For bulk agreement transactions, the volume was 3,341,862 tons, with a transaction value of USD 35,168,716.32.