According to the latest data, China and South Korea will account for 48.8% and 41.4% of the world's new vessels orders in 2020.

The new guideline is part of efforts to align governance of climate change with environmental conservation.

Elshinebal, a 50-year-old farmer in Tacheng, a city in the Xinjiang Uygur autonomous region, used to burn coal for heating and cooking in his suburban bungalow and describes his coal-laden life back then as "dusty".

Authorities also said they will enhance efforts to clean up the environment.

Aslan pointed out that the industry could not accomplish most of the planned activities and projects last year due to the pandemic.

China has sent a strong signal that it will ramp up efforts to curb carbon emissions with a vow to include climate impact in the nation's environmental impact assessment.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

The Ministry of Ecology and Environment issued a regulation on carbon emissions trading, along with an allocation plan for emissions quotas on Jan 5. The regulation and the plan will take effect on Feb 1.