Hubei Province published Allowance Allocation Plan for 2017
16 January 2018 – The Hubei Development and Reform Commission (DRC) published the 2017 allowance allocation plan for its pilot ETS. Hubei will issue 257 million permits to cover 2017 emissions, an increase of 1.6% compared to 2016. At the same time, the covered entities have increased by 40% to 344 participants. This is due to the lowering of the threshold for inclusion to 10,000 tonnes of standard coal consumption for all sectors, which accounts for around a sixth of the previous threshold. All allowances will be handed out for free to the 15 sectors according to a combination of the allocation methodologies benchmarking, historical emissions intensity and historical total emissions. Following a pre-allocation of 50%, the remaining allowances will be handed over in May or April after verification with the 2017 production data. Furthermore, 8% of the allowances will be kept in reserves.
http://fgw.hubei.gov.cn/xw/tzgg_3465/gg/wbwj/201801/t20180115_134615.shtml

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Sino-German Project on Capacity Building for the Establishment of ETS in China

Project country
China
Political Partners
German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU); Ministry of Ecology and Environment of the People's Republic of China (MEE)
Implementation Partners
National Center for Climate Change Strategy and International Cooperation of the People's Republic of China (NCSC)
Duration
07/2012 - 03/2020

The Chinese government has set itself the goal of reaching the peak of CO2 emissions by around 2030 and reducing CO2 emissions per unit of GDP by 60 to 65% compared to 2005 levels. To achieve these targets, China is gradually establishing a national Emission Trading System (ETS) as one of the key building blocks of its mitigation strategy. Since the start of the project in 2012, the Sino-German project “Capacity Building for the Establishment of Emissions Trading Schemes (ETS) in China” has been supporting the Chinese government in this endeavour through knowledge transfer and strengthening of the political leverage of key institutions and stakeholders required to develop and operate an ETS. Initially, the project supported the development of the regional pilots ETS. Since 2016, the focus lies on support for the roll out of the national ETS. The project is jointly implemented by GIZ and the Ministry of Ecology and Environment (MEE) of the People’s Republic of China. It is executed on behalf of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) within the framework of the International Climate Initiative (IKI) that is financing climate and biodiversity projects in developing and newly industrialising countries, as well as in countries in transition.