China's Ministry of Ecology and Environment has organized the compilation of the Progress Report of China’s National Carbon Market (2024) and released it at the China Carbon Market Conference 2024 in Wuhan on July 21, 2024.

Taiwan will upgrade the Environmental Protection Administration (EPA) to a full-scale Ministry of Environment to respond to higher priority being placed on climate change and other pressing environmental challenges.

On December 12, 2022, the European Parliament (EP) reached a provisional agreement with the Council on carbon levy—Carbon Border Adjustment Mechanism (CBAM). The agreement mainly adjusted the application scope and implementation date of CBAM and explored the integration of CBAM with the EU emissions trading system (ETS).

On October 31, 2022, China issued the Implementation Plan for Establishing Standardized Carbon Peaking and Carbon Neutrality Measurement System, a multi-department effort to support the “1+N” policy framework for carbon peaking and carbon neutrality. The Implementation Plan, one of several dozen “N” plans currently under development, introduces concrete and actionable goals and major tasks for establishing a standardized measurement system in this regard.

On October 9, 2022, National Energy Administration (NEA) released the Action Plan for Improving Standardization of Carbon Peaking and Neutralization in the Energy Sector.The Action Plan came as China strives to attain carbon peaking by 2030 and carbon neutralization by 2060.