High energy consuming industries will be forced to report their carbon emission data during the period of the 12th Five-Year Plan (2011-2015) period, Economic Information Daily reported on Friday, citing an official from National Development and Reform Commission (NDRC).

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The details of the new order will be released by the end of 2011. It will be tried out on the biggest companies in these industries.

The report, citing industry insiders, said the policy might be promoted from just pilot companies to the whole industry, and will pave the way for China's carbon finance market.

The report also said the NDRC is drafting guidelines of greenhouse gas emissions, which might allow carbon trading.