27 March 2018 – China recently announced that the Climate Change Office will be moved away from the National Development and Reform Commission (NDRC) to a newly created Ministry of Ecology and Environment (MEE). Xie Zhenhua, China’s special representative on climate issues, stated on the Green Carbon Development Summit on the 24th of March that despite this reshuffle, China will stick to the planned launch of the ETS and will expand its scope in the future. The former Ministry of Environmental Protection, which will be the basis for the new MEE, had preferred a carbon tax in the past.

In Addition, China has already reached its 2009 Copenhagen target by reducing the carbon intensity of its economy by 46% compared to 2005 levels, according to an announcement Li Gao, the Director of the Climate Change Department of NDRC, made during the China Development Forum on the 26th of March. China had pledged to reduce the carbon intensity of its economy by 40-45% until 2020, further extending that goal in Paris to 60-65% until 2030.

Source:
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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.