China's State Council has released a new action plan for carbon peaking covering the 15th Five-Year Plan period from 2026 to 2030. The plan outlines key tasks and measures aimed at reaching peak carbon emissions within that timeframe, signaling continued policy focus on decarbonization in the world's largest emitter. While the Xinhua report does not provide specific sector targets or enforcement details, the announcement confirms that Beijing is maintaining its carbon peaking timeline. For carbon markets and clean energy investors, the plan likely includes provisions for expanding the national emissions trading scheme, accelerating renewable deployment, and tightening efficiency standards across heavy industry. The full text will clarify which sectors face the most pressure and what mechanisms will be used to enforce compliance.
