Shanghai's carbon market trading volume ranks first in the region, with a 100% compliance rate for 12 consecutive years.

Sina Finance reported on March 30th that the 29th meeting of the 16th People's Congress Standing Committee of the city heard a report on the environmental status and the completion of environmental protection goals for the year 2025. The report showed that Shanghai's carbon market has achieved 100% compliance for 12 consecutive years, ranking first among local carbon markets in terms of trading volume. This year, Shanghai will continue to deepen the reform of the carbon market, improve the management mechanism of carbon inclusiveness and other voluntary greenhouse gas emission reduction mechanisms.