[Policy Update] State Council Executive Meeting Approves "15th Five-Year Plan Action Plan for Carbon Peaking"

📰 News Highlight

On June 29, 2026, the Executive Meeting of the State Council officially reviewed and approved the "15th Five-Year Plan Action Plan for Carbon Peaking" (the "Action Plan").

⚙️ Core Components

1.       Systemic Energy and Industrial Optimization: The Action Plan mandates accelerated adjustments to the energy mix alongside the comprehensive greening and low-carbon transformation of industrial sectors.

2.       Robust Institutional Infrastructure: The framework outlines plans to strengthen foundational supporting mechanisms. This includes refining relevant laws and regulations, building advanced green standard systems, optimizing the national carbon emissions statistical accounting framework.

💡 Key Takeaways

1.       Anchoring the Final Sprint to the 2030 Peak: The "15th Five-Year Plan" period (2026–2030) represents the critical, decisive window for China to achieve its promised carbon peak before 2030.

2.       Institutionalizing Carbon Accounting for Businesses: The emphasis on perfecting the carbon emissions statistical accounting system indicates that data accuracy is now a matter of state compliance.

[Market Update] Three Mandatory National Standards Released to Regulate Solar PV Energy Consumption and Efficiency

📰 News Highlight

On July 2, 2026, the Ministry of Industry and Information Technology (MIIT), alongside the National Development and Reform Commission (NDRC) and the State Administration for Market Regulation (SAMR), officially approved and released three mandatory national standards for the photovoltaic sector.

💡 Key Takeaways

1.       Full-Chain Efficiency Benchmarking: The new mandates implement a strict tiered indicator system for energy consumption and efficiency across every critical node of PV manufacturing.

2.       Innovative Inclusion of Environmental Degradation Metrics: In a significant regulatory update, the standards innovatively incorporate the module's coupled environmental stress degradation rate into the official evaluation index.

[Carbon Market]

During June 29 – July 03, the total transaction volume of Carbon Emission Allowances (CEA) in Chinese National Carbon Market reached 2,278,988 tons, with a total transaction value of USD 25,393,871.49. The highest price was USD 12.28/ton, and the lowest price was USD 10.20/ton. For bulk agreement transactions, the volume was 1,729,957 tons, with a transaction value of USD 18,584,442.59.