[Policy Update] MOT and Two Ministries Jointly Issue Action Plan for Inland Waterway New Energy Vessels (2026–2030)

📰 News Highlight

On October 13, 2026, the Ministry of Transport (MOT), the Ministry of Industry and Information Technology (MIIT), and the National Energy Administration (NEA) jointly issued the "Action Plan for the Promotion and Application of Inland Waterway New Energy Vessels (2026–2030)" (the "Plan").

⚙️ Core Components

1.       Quantitative Fleet Doubling and Corridor Targets: By 2028, the operational fleet of inland new-energy vessels is targeted to double compared to 2025 levels.

2.       Comprehensive Multi-Scenario Industrial Deployment: The Plan sets out 11 key tasks across multiple pillars, including diversified scenario applications, bunkering and energy supply assurance, manufacturing capacity reinforcement, and core technical breakthroughs.

💡 Key Takeaways

1.       Surging Orders for Electric and Methanol Vessels: Doubling fleet numbers within three years creates immediate shipbuilding and retrofitting demand for domestic shipyards.

2.       Accelerating Bunkering Network Infrastructure: Establishing full-line methanol bunkering along the Yangtze River and building 3,000 km of zero-carbon corridors unlocks direct capital expenditure opportunities for green methanol suppliers, port terminal operators, and shore-power charging station developers.

[Market Update] MEE Holds Progress Review on Expanding Sectoral Coverage of China's National Carbon Market

Recently, commissioned by the Department of Climate Change of the Ministry of Ecology and Environment (MEE), the Chinese Academy of Environmental Planning convened a progress report meeting on expanding sectoral coverage in the national emissions trading scheme (ETS).

💡 Key Takeaways

1.       Systematic Expansion Roadmap for High-Emission Sectors: The meeting reviewed sector-specific technical assessments and readiness roadmaps, focusing on cement, nonferrous metals, and civil aviation.

2.       Unified Framework to Maximize Low-Cost Abatement: The MEE emphasized that bringing new sectors under the national ETS must adhere to a standardized national architecture.

[Carbon Market]

During October 12 – October 16, the total transaction volume of Carbon Emission Allowances (CEA) in the Chinese National Carbon Market reached 11,606,568 tons, with a total transaction value of USD 165,423,863.9. The highest price was USD 14.58/ton, and the lowest price was USD 13.50/ton. For bulk agreement transactions, the volume was 6,165,531 tons, with a transaction value of USD 85,737,171.58.