[Policy Update] NDRC and Ministries Launch Three-Year Action Plan for Energy Saving and Carbon Reduction in Key Industries

📰 News Highlight

Recently, the National Development and Reform Commission (NDRC), along with other key departments, jointly issued the "Notice on Launching the Three-Year Critical Action Plan for Energy Saving and Carbon Reduction Retrofits in Key Industries".

⚙️ Core Components

1.       Targeted Nine High-Impact Sectors: The Notice outlines the overall requirements and key targets to be achieved by the end of 2028.

2.       Comprehensive Policy: The plan deploys detailed retrofitting tasks for each industry while reinforcing supporting mechanisms. This includes strengthening financial support, price signals, policy incentives, and mandatory standard constraints to ensure enterprises upgrade their energy and carbon efficiency to the maximum extent.

💡 Key Takeaways

1.       A Surge in Green Industrial CapEx: By locking in a three-year timeline until 2028, the government is forcing a wave of green capital expenditure across heavy industries.

2.       Stricter Market Enforcement via Price and Standards: The combination of "price signals" and "standard constraints" indicates that laggard facilities will face rising operational costs, such as tiered electricity pricing, if they fail to upgrade.

[Market Update] SCIO Releases White Paper on Reforming and Building the Global Governance System

📰 News Highlight

Recently, the State Council Information Office (SCIO) officially released a white paper titled "Building a More Just and Rational Global Governance System: China's Concepts, Initiatives, and Actions."

💡 Key Takeaways

1.       The Launch of the World AI Cooperation Organization: A major announcement within the framework is China's active preparation to establish the World AI Cooperation Organization.

2.       Institutionalizing Tech Ethics and Inclusivity: The paper reinforces that future tech governance must reject unilateral blocks in favor of inclusive, consensus-based international frameworks.

[Carbon Market]

During June 22 – June 26, the total transaction volume of Carbon Emission Allowances (CEA) in Chinese National Carbon Market reached 5,237,325 tons, with a total transaction value of USD 62,750,208.32. The highest price was USD 12.17/ton, and the lowest price was USD 11.67/ton. For bulk agreement transactions, the volume was 3,254,000 tons, with a transaction value of USD 38,628,779.64.