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.