climate

Accelerating the construction of national ETS is one of the key tasks for China’s 2021 national plan

China’s Annual Central Economic Work Conference was held in Beijing from December 16th-18th. The conference set out key tasks for the next year. Preparing the work for the planned carbon peak but also carbon neutrality are among these tasks. The conference pointed out that China is striving to reach a carbon dioxide emissions peak before […]

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Fujian, Guangdong and Tianjin announced allowances allocation plans for 2020 for their respective pilot ETS

In December 2020, there have been three regional pilot ETSs – Fujian, Guangdong and Tianjin – which published their allowance allocation plans for the year 2020. According to the “(Trial) Administrative Measures” (draft for public comments) issued by the Ministry of Ecology and Environment (MEE), the companies covered by the regional ETS from 2019-2020 will […]

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MEE released draft trial administrative measures as well as supplementary guidelines (registration, trading & clearing, monitoring & reporting, and verification) for China’s national ETS

Since November, the MEE consecutively released draft versions of the trial administrative measures as well as supplementary guidelines (registration, trading & clearing, allocation plan, monitoring & reporting, and verification) for China’s national ETS and called for public comments. On November 02nd, November 20th, December 04th and December 16th, the Ministry of Ecology and Environment (MEE) […]

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Guiding Principles to Promote Climate Investment and Finance Released

On Oct 21st, 2020, the Ministry of Ecology and Environment (MEE), National Development and Reform Commission (NDRC), People’s Bank of China (PBOC), China Banking and Insurance Regulatory Commission (CBIRC), and China Securities Regulatory Commission (CSRC) jointly launched a guidance document to promote climate investment and finance in China. The Guidance was marked as a landmark […]

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Preparations for 14th Five-Year Plan and long-term objectives for 2035 progressing

On 3 November 2020, the Central Committee of the Communist Party of China (CPC) issued proposals on formulating the 14th Five-Year Plan for National Economic and Social Development and the Long-Term Vision Objectives Through to the Year 2035. The proposals also related to energy transition and low carbon development. Low Carbon Development in the Proposal for the […]

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China Announces CO2 Emission Peak by 2030 and Carbon Neutrality by 2060

China pledges CO2 emission peak by 2030 and carbon neutrality by 2060, as President Xi Jinping announced on September 22, 2022, at the 75th United Nations General Assembly. The renowned research institute at Tsinghua University already reacted to the new climate goal pledges with a presentation and recommendations for the government. According to Mr. HE […]

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MEE officially published the “2019-2020 cap setting and allowances allocation plan (power generation sector) of China’s national ETS”

On December 30th, 2020, the MEE officially issued the “2019-2020 cap setting and allowances allocation plan (power generation sector) of China’s national ETS”. Local authorities have been asked to complete the pre-allocation by January 29th, 2021. Compared to the previous draft released in November the number of covered companies decreased to 2,225 from 2,267. Furthermore, […]

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