During the “Two Sessions” of China this March, deputies and members of the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) have commented on the national ETS.

Overall, they suggested that 1) the national ETS should have trading activities as soon as possible, 2) relevant system construction of the national ETS needs to be accelerated, and 3) the development of carbon finance should be vigorously promoted.

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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.