[Policy Update] MOF Solicits Public Comments on Supporting Application Guidelines for Climate Disclosure Standards

📰 News Highlight

On September 30, 2026, the General Office of the Ministry of Finance (MOF) issued an official notice seeking public comments on the Application Guidelines for Basic Sustainability Disclosure Standards for Enterprises No. 1 — Climate (Trial) (Exposure Draft) alongside nine sector-specific application guidelines covering key industries, with comments open until October 26.

⚙️ Core Components

1.       Dual-Tiered Architecture for Practical Implementation: Designed to operationalize the previously released Climate Standard, the framework establishes a "General Guidelines + Sector-Specific Guidelines" structure.

2.       General Foundations and Nine Industry-Specific Guides: The General Guidelines govern cross-sector matters such as climate strategies, climate-related risk and opportunity management, and greenhouse gas accounting.

💡 Key Takeaways

1.       Bridging High-Level Climate Mandates with Industrial Realities: By introducing industry-tailored reporting metrics for heavy-emitting and high-transition sectors, the MOF provides standardized, comparable accounting rubrics that lower disclosure ambiguity for corporate compliance teams.

2.       Aligning Domestic ESG Disclosure with International Baselines: The structured guidelines reflect global reporting conventions (including ISSB/TCFD alignment) while maintaining China-specific sectoral realities.

[Market Update] MEE Convenes Commemorative Meeting for 2026 International Day for the Preservation of the Ozone Layer

The Ministry of Ecology and Environment (MEE) convened a meeting to commemorate the 10th anniversary of the adoption of the Kigali Amendment to the Montreal Protocol and the 2026 International Day for the Preservation of the Ozone Layer.

💡 Key Takeaways

1.       Substantial Progress in Non-CO₂ Greenhouse Gas Governance: Through quota licensing systems, China's cumulative production and consumption of HFCs have dropped by over 1.185 billion tons and 759 million tons of CO₂ equivalent below national compliance caps.

2.       Synergistic Climate and Energy Efficiency Gains: Full implementation of the Kigali Amendment is projected to avoid up to 0.5°C of global warming by century's end, with potential mitigation doubling to 1.0°C when paired with cooling equipment energy efficiency improvements across the refrigeration and HVAC sectors.

[Carbon Market]

During September 25 – October 09, the total transaction volume of Carbon Emission Allowances (CEA) in the Chinese National Carbon Market reached 8,569,716.00 tons, with a total transaction value of USD 116,678,968.90. The highest price was USD 14.00/ton, and the lowest price was USD 13.16/ton. For bulk agreement transactions, the volume was 5,702,019.00 tons, with a transaction value of USD 75,890,380.00.