World's largest ETS by volume; price ≈7× below the EU — CBAM closes the gap for exporters.
National ETS (intensity-based): ¥86.13 (31 Mar 2025, Argus). 2024–25 expansion added cement, steel, aluminium (~+3 Gt).
At the EU ETS price of €80.01/t, this CO2 corresponds to an indicative carbon value of:
| Facility | Sector | t CO2/yr (est. 2023) | Gross value (full) |
|---|---|---|---|
| Baise Prefecture City | 33,057,794 | €2,491.2M | |
| Angang Steel Co Ltd | 31,049,504 | €2,339.9M | |
| Wuhan Iron and Steel Co Ltd | 25,916,033 | €1,953.0M | |
| Maanshan Iron and Steel Co Ltd | 25,389,837 | €1,913.4M | |
| Inner Mongolia BaoTou Steel Union Co Ltd | 25,167,415 | €1,896.6M |
Gross value = all tracked CO2 × the carbon price; it is a ranking aid, not a liability. Emissions: Climate TRACE satellite estimates (2023) — indicative, not verified declarations. CBAM falls only on emissions embedded in EU-bound exports, at the phased-in share (2.5% in 2026 → 100% by 2034). More: IndustryAtlas.
Cut the bill at the source: heat-loss elimination via removable insulation typically saves 2–5% of fuel-related CO2 with <2-year payback — run the savings study or read the industrial insulation guide.
