China Tightens Rules on Polluters Before Carbon Market Expansion

(Bloomberg) — China toughened rules for industrial polluters participating in its national carbon market, including larger fines for entities found to be falsifying data on emissions reductions.

The regulations, signed off Sunday by Premier Li Qiang and to come into force from May, give greater powers to the Ministry of Ecology and Environment as China prepares to extend the system, which currently covers about 2,200 utilities that are responsible for roughly 4.5 billion tons a year of greenhouse gas emissions.