A panel discussion on carbon market development took place at the 12th China New Energy International Forum. The panel featured three members of the ENVI Committee of the European Parliament, Mr. Yvo Belet, Mr. Bas Eickhout and Mr. Seb Dance, as well as Ms. Deanna Easton, Australian Embassy, Mr. Dai Yande from Low Carbon Alliance, and Dr. Alexander Fisher, GIZ China All panelists agreed that a functioning carbon market needs to be built gradually and requires regular adjustments to ensure that the systems remain fit for purpose. In this process, international cooperation plays an important role by facilitating mutual learning and sharing experiences from practical implementation.

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Sino-German Cooperation on Emissions Trading Systems, Carbon Market Mechanisms, and Industry-related N2O Mitigation

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 - 09/2022

The project has been supporting the development of ETS in China since 2012. Since the launch of the Chinese national ETS, the project provides support to further refine the ETS and strengthen the political and technical dialogue between China and Germany on carbon market topics. Since 2020, the project also supports the abatement of industry related N2O emissions through capacity building, studies, workshops, and various exchange formats.