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.
climate
Nov 1, 2018
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.
