April 19, 2018 – The State Council of China has approved an allocation plan for the trial emissions trading system for the power sector. Although specific details are not yet available, this step is seen as a milestone in the development of the national ETS, as experiences from the trial are going to play an important role in the design of the system.
The Ordinance on Carbon Emissions Trading System Administrative Management is expected to be rolled out soon, awaiting review and approval by the national authority
During a regular press conference of the Ministry of Ecology and Environment (MEE) in September, Mr. BIE Tao, Deputy Director of the Department of Laws,