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China strengthens carbon market regulations, imposing fines for data falsification. Plans to cover 70% of emissions by 2030 align with net-zero goals. Discussions include market expansion and auction mechanisms. Anticipated price rise reflects market sustainability efforts.

The global carbon market soared to unprecedented levels in 2023, reaching a record value of $949 billion according to a recent report by LSEG. This marks a significant 2% increase from the previous year, highlighting the growing momentum in the fight against climate change.