In the News: Carbon Reduction; Anti-Familial Corruption; and New Format RMB Settlement

June 22, 2022 | BY

Hugo Yeung

Comprehensive plans outline implementation of carbon reduction policies; Greater oversight over government officials' families; PBOC to support new format RMB settlement

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Credit: Андрей Трубицын/Adobe Stock

Pollution & Carbon Reduction

Recently, seven governmental departments including the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly promulgated the Implementation Plan for Synergistic Pollution and Carbon Reduction (减污降碳协同增效实施方案).

The Plan outlined 25 measures which aim to reduce energy usage and emissions, regulate energy-intensive and high-emissions industries, and optimize environmental governance. For instance, zoning controls