MEE officially published the “2019-2020 cap setting and allowances allocation plan (power generation sector) of China’s national ETS”

On December 30th, 2020, the MEE officially issued the “2019-2020 cap setting and allowances allocation plan (power generation sector) of China’s national ETS”. Local authorities have been asked to complete the pre-allocation by January 29th, 2021.

Compared to the previous draft released in November the number of covered companies decreased to 2,225 from 2,267. Furthermore, the final version also deletes the regional adjustment factor for the allocating estimation.

According to the requirements, companies which already involved in the regional carbon markets in 2019 and/or 2020 won’t participate in the national emission trading system in the corresponding year.

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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.