Hubei Province published Allowance Allocation Plan for 2017
16 January 2018 – The Hubei Development and Reform Commission (DRC) published the 2017 allowance allocation plan for its pilot ETS. Hubei will issue 257 million permits to cover 2017 emissions, an increase of 1.6% compared to 2016. At the same time, the covered entities have increased by 40% to 344 participants. This is due to the lowering of the threshold for inclusion to 10,000 tonnes of standard coal consumption for all sectors, which accounts for around a sixth of the previous threshold. All allowances will be handed out for free to the 15 sectors according to a combination of the allocation methodologies benchmarking, historical emissions intensity and historical total emissions. Following a pre-allocation of 50%, the remaining allowances will be handed over in May or April after verification with the 2017 production data. Furthermore, 8% of the allowances will be kept in reserves.
http://fgw.hubei.gov.cn/xw/tzgg_3465/gg/wbwj/201801/t20180115_134615.shtml
China issues National Climate Plan for 2026–2030
On 27 July 2026, the Ministry of Ecology and Environment (MEE) and 18 other national authorities jointly issued the “National Climate Change Plan for the 15th Five-Year Plan Period”. The plan covers the period 2026–2030 and addresses mitigation, adaptation, carbon markets, product carbon footprints and climate governance.
The plan builds on the objectives of the general 15th Five-Year Plan (FYP) for National Economic and Social Development, adopted in March 2026, and of the State Council’s “Action Plan for Carbon Peaking during the 15th Five-Year Plan Period”, issued earlier this month. While the “Action Plan for Carbon Peaking” focuses mainly on energy and sectoral carbon dioxide (CO2) reductions, the new national climate plan also addresses non-CO2 gases, climate risk and the data systems needed to implement climate policy.
