The State Council's Interim Regulations on the Administration of Carbon Emissions Trading (《碳排放权交易管理暂行条例》) came into force on 1 May 2024, providing the first national-level administrative framework for China's carbon market.

Highlights for enterprises:

- Clearer responsibilities for key emission units, including data quality and truthful reporting obligations, with substantially increased penalties for falsification.
- Standardised allocation, trading and settlement of emission allowances, laying the foundation for the national ETS expansion beyond the power sector.
- Stronger market supervision by ecology and environment authorities.

Even companies outside the current ETS scope should treat carbon data seriously: accurate emissions accounting is becoming a compliance baseline across industries and a key input for buyers' scope-3 reporting. CSER Solutions helps enterprises build reliable GHG inventories and carbon data management systems aligned with national rules.