climate
Jun 19, 2020

Meeting for the registry construction of China’s national ETS held virtually

Jun 19, 2020 Jun 19, 2020

With China approaching the operational start of its national ETS, the system’s infrastructure design is now in its final stages. One key building block is the national registry, which is currently being developed by a project team led by China Hubei Carbon Emission Exchange (CHEEX).

On June 19th, the GIZ project “Capacity Building for the Establishment of ETS in China” organised a virtual meeting to support the development of the registry in China by facilitating a bilateral technical exchange between China’s ETS and the EU ETS. The meeting was attended by experts from CHEEX, the German Emissions Trading Authority (DEHSt) and the Research Center for China’s Carbon Market at Tsinghua University. Mr. Lin Songsong from CHEEX began by giving an introduction on the registry construction of the national ETS in China. This was followed by two presentations by Mr. Christoph Kühleis and Mr. Oliver Schwalb from DEHSt on the German implementation experience and the Union Registry, respectively. In the ensuing discussion, experts delved into conceptual issues surrounding the establishment and operation of an ETS registry. In particular, the discussion touched on topics such as registry security, serial numbers of carbon credits and registry connectivity.

The meeting was very fruitful and provided valuable support for the establishment of the registry in China. Both CHEEX and DEHSt agreed to continue the exchange in the future.

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.