Overview
- The Ministry of Finance’s carbon market secretariat, which unveiled the proposal Tuesday, named paper and pulp, iron and steel, cement, primary aluminum, oil and gas exploration and production, refining, and air transport for the first wave.
- The rollout adds mining, recycled aluminum, power generation, glass, food and beverages, chemicals, ceramics, and waste in 2029, then road, waterborne, and rail transport from 2031.
- Each sector follows a four‑year path that starts with a monitoring plan, moves through two years of measuring emissions, and ends with an allocation plan, with no costs or reduction duties in this phase.
- The proposal goes to a technical committee for input, then to a public consultation in July 2026, with final rules targeted within 2026 and implementation beginning in 2027.
- Under the law, facilities emitting over 10,000 tCO2e a year must report and those over 25,000 tCO2e may face limits, a scope the ministry says covers roughly 0.1% of companies by number but a large share of emissions, chosen using international benchmarks and emissions‑based criteria.