Core Viewpoint - The Chinese government is set to implement a dual control system for carbon emission intensity and total carbon emissions starting from the 14th Five-Year Plan, marking a strategic shift towards carbon reduction [1][2]. Group 1: Policy Implementation - The new policy aims to leverage existing administrative management advantages while enhancing the use of market mechanisms [1][2]. - The construction of the carbon market in China has entered a new phase of rapid development, with plans for the national carbon market to cover 80% of total carbon emissions in the future [1][2]. Group 2: International Benchmarking - The approach taken by the European Union, which utilizes carbon markets to address emissions in covered sectors and administrative measures for uncovered sectors, serves as a valuable reference for China [1][2].