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WCA CEO welcomes China's move to include cement in carbon trading

The World Cement Association’s CEO Ian Riley has welcomed China’s recent announcement to expand its national carbon trading market to include the cement industry, among other hard-to-abate sectors, by the end of this year.
By Liam McLoughlin September 13, 2024 Read time: 1 min
The WCA's Ian Riley said: "The inclusion of cement in the Chinese ETS [emissions trading scheme] is a critical and long-awaited step."
The WCA's Ian Riley said: "The inclusion of cement in the Chinese ETS [emissions trading scheme] is a critical and long-awaited step."

China's Minister of Ecology and Environment made the announcement earlier this week, marking a significant step in China's environmental plans.

Riley commented: "The inclusion of cement in the Chinese ETS [emissions trading scheme] is a critical and long-awaited step. As we have seen in Europe, a well-implemented carbon ETS can be beneficial by not only curbing emissions but also catalysing industry restructuring that favours the most efficient and lowest-emitting producers. This move signals China’s intent to prioritise sustainability in high-emission sectors, a move welcomed by the World Cement Association.

"In addition to the ETS, China has also successfully used energy efficiency standards to encourage widespread adoption of the latest low-energy technology. This approach is essential for meaningful climate action."

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