Shanghai: Starting from 2026, the threshold for the management of high-energy industries such as petrochemicals and chemical industry, as well as data centers, will be lowered to an annual emissions of 10,000 tons of carbon dioxide equivalent.

The General Office of the Shanghai Municipal People's Government has issued the "Shanghai Carbon Market Comprehensive Deepening Reform Action Plan", proposing to establish a sound quota management system. Reasonably determine the total carbon emission quota, and establish a sound reserve quota control mechanism. Establish a carbon emission quota distribution system that is in line with both total carbon emissions and intensity control, and implement quota total control for industries with relatively stable carbon emission totals as a pilot, reserving development space for strategic emerging industries and future industries. Gradually expand the market coverage in stages. Implement market expansion in a way that reduces thresholds, expands categories, and increases types. Starting from 2026, the threshold for industries with high energy consumption such as petrochemical and chemical industries, data centers, to be included in the market management will be lowered to an annual emissions of 10,000 tons of carbon dioxide equivalent, and the threshold for the water transport industry will be lowered to an annual emissions of 80,000 tons of carbon dioxide equivalent. Starting from 2028, public institutions such as universities and hospitals with annual emissions of 10,000 tons or more of carbon dioxide equivalent will be included in market management and gradually implement carbon emission quota management. Research on the inclusion of non-carbon dioxide greenhouse gases such as nitrous oxide and methane in market management.