[Policy Update] NDRC and Four Ministries Jointly Issue Action Plan for Comprehensive Conservation Strategy

📰 News Highlight

On November 4, 2026, the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology (MIIT), the Ministry of Natural Resources (MNR), the Ministry of Water Resources (MWR), and the National Government Offices Administration (NGOA) jointly released the "Action Plan for Implementing the Comprehensive Conservation Strategy".

⚙️ Core Components

1.       Quantitative Resource Efficiency Targets by 2030: By 2030, energy consumption and water consumption per unit of GDP are targeted to drop by ~10% compared to 2025 levels, while construction land use per unit of GDP will decrease by ~15%.

2.       Seven Key Action Areas Across Core Resources: The Plan outlines specific measures across seven areas to drive resource conservation spanning "energy, water, food, land, minerals, and materials."

💡 Key Takeaways

1.       Tightening Efficiency Baselines for Industrial Operators: Mandating 10% reductions in energy and water intensity alongside a 15% drop in land use establishes stringent efficiency benchmarks for manufacturing and infrastructure.

2.       Expanding the Scale of Circular Economy and Recycling: Setting an annual target of 510 million tons for major recycled resources will accelerate market growth for industrial scrap, battery materials, and e-waste recycling.

[Market Update] 2026 Global Panda Partners Conference Convenes in Chengdu, Sichuan

📰 News Highlight

From November 2 to 4, 2026, the 2026 Global Panda Partners Conference was held in Chengdu, Sichuan, gathering experts, government officials under the theme "Protecting the Panda Habitat, Building a Beautiful World, Sharing Open Opportunities."

💡 Key Takeaways

1.       Expanding Beyond Single-Species Protection: The event marked a shift toward broader ecosystem resilience, promoting joint conservation of giant pandas and golden snub-nosed monkeys to safeguard regional biodiversity.

2.       Leveraging Digital Tech for Eco-Value Realization: Discussions highlighted using digital intelligence and low-carbon business models to effectively translate ecological preservation into sustainable economic growth.

[Carbon Market]

During November 02 – November 06, the total transaction volume of Carbon Emission Allowances (CEA) in the Chinese National Carbon Market reached 9,487,277 tons, with a total transaction value of USD 134,695,825.6. The highest price was USD 14.29/ton, and the lowest price was USD 14.11/ton. For bulk agreement transactions, the volume was 4,624,488 tons, with a transaction value of USD 65,533,501.19.