An offshore electric power platform in Dongying, Shandong province. [Photo/IC]

Approved by the State Administration for Market Regulation, Shandong will build a national carbon metering center, stated local officials.

This will be the third national carbon metering center in the country, after the centers in Inner Mongolia autonomous region and Guangdong province. This move is set to help China reach its dual carbon goal, which is to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.

The national carbon metering center in Shandong province will be based at the Liaocheng Product Quality Supervision and Inspection Institute (Shandong Yellow River Basin High-quality Development Regional Measurement Center), and will be jointly built by the Shandong Provincial Institute of Metrology Science.

The center will focus on accuracy, traceability and consistency of carbon emission data in key industries across Shandong province as well as in the Yellow River Basin.

China has established the world's largest carbon market for greenhouse gas emissions, and has significantly reduced its carbon emissions intensity. According to official data, the cumulative volume of carbon emissions allowances on China's carbon market was 237 million tonnes by June 30, with a turnover of more than 10.91 billion yuan ($1.49 billion). 

The country has made positive progress in addressing climate change through a series of measures such as energy conservation, carbon reduction, emission reduction, and the establishment and improvement of a carbon market.