China Tightens Rules on Polluters Before Carbon Market Expansion.

China has implemented stricter rules for industrial polluters participating in its national carbon market. The new regulations, set to take effect in May, give more power to the Ministry of Ecology and Environment. Entities found to be falsifying data on emissions reductions could face fines of up to 2 million yuan ($278,000) and deductions from their future pollution allowances. The changes also aim to reduce the supply of free allowances and compel large emitters to cut emissions. China plans to expand the market to cover about 70% of the nation's emissions by 2030 as part of its efforts to achieve net-zero emissions by 2060. [Extracted from the article]

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