Carbon Emission Newsletter -October,2025
No.1
The Ministry of Commerce has released 16 measures to promote the development of green trade
No.2
Shanghai implements new regulations on energy conservation and carbon emissions for fixed-asset investment projects
Implementation Measures for Energy Conservation Review and Carbon Emission Assessment of Fixed-Asset Investment Projects in Shanghai(Effective as of November 1, 2025). These Measures shall apply to relevant fixed-asset investment projects within the administrative region of Shanghai. They establish a hierarchical and classified review and management mechanism at the municipal and district levels, require specific projects to conduct carbon emission assessment in parallel, standardize review procedures, declaration requirements, and circumstances for rejection, and strengthen supervision, administration, and inter-departmental coordination during project construction, acceptance, and post-operation phases.
The Measures aim to establish a transition mechanism from the dual control of energy consumption to the dual control of carbon emissions, enhance the management of energy consumption and carbon emissions of projects, and support Shanghai’s development as a low-carbon city.
No.3
UK legislates to bring ESG rating agencies under regulation
The UK Financial Conduct Authority (FCA) has welcomed the government's introduction of legislation to regulate ESG rating agencies. This widely industry-supported initiative marks a crucial milestone in enhancing transparency and trust in the market, as it will equip regulators with the necessary supervisory powers to ensure ESG ratings are transparent, reliable, and comparable.
Prior to this, regulators had already been developing the relevant regulatory framework. Following the bill's submission to Parliament, a consultation on the proposed rules is planned before the end of the year. Drawing on recommendations from the International Organization of Securities Commissions (IOSCO), the proposal focuses on four core areas including transparency and governance, and will provide compliance guidance.
The initiative aims to consolidate the UK's position as a global sustainable finance hub through a practical, proportionate, and innovation-friendly regulatory approach, thereby attracting investment and fostering growth and innovation.
No.4
The 30th Session of the United Nations Conference of the Parties on Climate Change (COP30) concluded in Brazil
The 30th Session of the United Nations Conference of the Parties on Climate Change (COP30) concluded in Belém, Brazil, on November 22nd. The conference adopted the outcome document "Global Mobilization: Solidarity and Collaboration to Address the Climate Change Challenge", marking substantial progress and demonstrating the vitality of multilateralism. Key decisions include:
Finance at scale: Mobilise $1.3 trillion annually by 2035 for climate action.
Adaptation boost: Double adaptation finance by 2025 and triple by 2035.
Loss and damage fund: Operationalisation and replenishment cycles confirmed.
New initiatives: Launch of the Global Implementation Accelerator and Belém Mission to 1.5°C to drive ambition and implementation.
Climate disinformation: Commitment to promote information integrity and counter false narratives.
The conference reaffirmed the “UAE Consensus”，which is the COP28 decision calling for “transitioning away from fossil fuels.” More than 80 countries have backed Brazil's proposal for a formal "roadmap" aimed at accelerating the shift away from fossil fuels. The global low-emission transition has become an irreversible trend, with renewable energy investment already doubling that of fossil fuels. Moving forward, sustained efforts are required to strengthen emission reductions, climate finance support, and international collaboration.
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