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 2030 and to achieve carbon neutrality before 2060. The urgent development of an action plan to reach these two goals has been underlined. Furthermore, it was stressed, that the adjustment and optimization of industrial structure, energy structure, promotion of the early peak of coal consumption, the vigorous development of new energy, construction of the national energy rights, carbon emissions trading market, and improvement of the dual control of energy consumption should be accelerated.

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