China MEE issued guidelines on the development of product CFP calculation standards

On December 28, 2024, the Ministry of Ecology and Environment of China issued the “Guidelines on the development of product carbon footprint calculation standards”. The guidelines sets a target for developing 100 product carbon footprint (CFP) calculation standards by 2027 and 200 by 2030. It also outlines a policy to prioritize the development of carbon footprint calculation standards for basic energy, raw materials, transportation, and key trade products.