China Doubles Down on Green Development Ahead of 15th Five-Year Plan

Key Takeaways

• Domestic and foreign companies leading in sustainable and low-carbon operations should benefit from new subsidies, pilot programs, and business opportunities under China’s 15th five-year plan.
• A new requirement for companies to self-monitor emissions, which lacks detailed guidance, brings uncertainties and compliance costs.
• Concerns remain over foreign companies’ ability to access benefits and how proactive local authorities will be in enforcing new compliance requirements.