On 11 June 2021, the State Council issued the Notice for the Legislative Plan of 2021 – a document in which the country’s highest-ranking administrative body notifies other government agencies of the legislative work they are expected to fulfill in a given year. Given that the “National Emissions Trading System (ETS) Interim Ordinance” is mentioned in said report, one can expect the decree to be published before the end of the year. Recently, the MEE asked provincial governments, financial regulators, and other authorities to comment on a draft of the Ordinance. After the first round of consultations earlier this year, the MEE had already submitted a draft to the State Council and the Ministry of Justice.
China issues National Climate Plan for 2026–2030
On 27 July 2026, the Ministry of Ecology and Environment (MEE) and 18 other national authorities jointly issued the “National Climate Change Plan for the 15th Five-Year Plan Period”. The plan covers the period 2026–2030 and addresses mitigation, adaptation, carbon markets, product carbon footprints and climate governance.
The plan builds on the objectives of the general 15th Five-Year Plan (FYP) for National Economic and Social Development, adopted in March 2026, and of the State Council’s “Action Plan for Carbon Peaking during the 15th Five-Year Plan Period”, issued earlier this month. While the “Action Plan for Carbon Peaking” focuses mainly on energy and sectoral carbon dioxide (CO2) reductions, the new national climate plan also addresses non-CO2 gases, climate risk and the data systems needed to implement climate policy.
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