As one of China’s seven carbon trade pilot areas, Tianjin has seen fruitful results in its orderly and effective emission trading market with a series of policies and measures that have been released since 2013.

In 2021, the trading volume of Tianjin's carbon market was 50.74 million tons, ranking second in the country.

Through cap and trade, Tianjin has witnessed notable reduction of carbon emissions in key industries, which in turn will facilitate the city's comprehensive green transformation.

The coastal metropolis will take more initiatives to achieve its carbon neutrality goal and complete its carbon pricing system.

It plans to include more enterprises in the electricity, steel and iron, and chemical sectors into the emission quota system, which currently has 160 companies.

Enterprises with surplus quotas can sell the quotas through carbon market transactions, bringing economic benefits to the enterprises and enhancing green and low-carbon development.

Tianjin will provide guidance and services for the enterprises, organizing carbon emission management training regularly and addressing relevant technical difficulties.