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Network meeting on the status of the Chinese emissions trading scheme

(Photo by pixabay)

(Photo by pixabay)

 

December 2019 – The network meeting funded by the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) gave participants initial insights into the successes achieved and the challenges faced with the Chinese emissions trading scheme (ETS), along with information concerning future developments. At the meeting, two specially selected experts talked about the current status of emissions trading in China.

The network meeting began with a presentation by Dr. Gu Alun from the Institute of Energy, Environment and Economy at Tsinghua University. Because the ETS has only been in operation for two years, it is still a work in progress and in its first development phase. According to Dr. Gu, the main tasks at present remain the decision-making processes regarding the industry sectors covered by the ETS, the emissions ceiling and the measures needed for registration and allocation. Eight sectors are currently covered by the ETS: Energy production, oil processing, chemicals, construction materials, steel, non-ferrous metals, paper production and civil aviation. For most of these sectors, a bottom-up model is to be developed, said Gu.

During the second presentation, Zhang Jingjie from the China Electricity Council (CEC) outlined the ETS-related experience gained in the energy production sector, which has already been integrated into the scheme. The CEC had been commissioned by the Chinese Ministry of Ecology and Environment (MEE) in this regard. Jingjie reported that up to now, the CEC had mainly been occupied with establishing the basic structure of the scheme. In spring 2019, the MEE had published a set of guidelines containing implementation rules and procedures, eligibility criteria and stakeholder responsibilities, as well as technical standards for carbon accounting, reporting and verification.

Further information

A detailed report on the networking meeting is contained in the February issue of Econet Monitor, a magazine published by AHK Greater China in Beijing. The issue can be downloaded here: Econet Monitor February 2021.

Note: This publication is only available in German.

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