Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

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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More policy news

China establishes assessment system for carbon peaking and carbon neutrality targets

Jointly issued by the General Office of the Communist Party of China (CPC) and Central Committee and the General Office of the State Council, this policy “Measures on Comprehensive Evaluation and Assessment for Carbon Peaking and Carbon Neutrality”, establishes a formal assessment system for evaluating how provincial-level Party committees and governments implement China’s carbon peaking and carbon neutrality objectives.
The assessment work is coordinated centrally and implemented by the National Development and Reform Commission together with relevant departments. It applies to provincial-level Party committees and governments, including provinces, autonomous regions, and municipalities.

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China sets new framework for energy conservation and carbon reduction

The General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council jointly issued two policies to strengthen energy conservation, carbon reduction, and the assessment of climate-related targets.
This article looks at the first policy, “Opinions on Advancing Energy Conservation and Carbon Reduction at a Higher Level and with Higher Quality”, which sets out a broad policy framework for improving energy efficiency, reducing carbon emissions, controlling fossil fuel consumption, and accelerating green industrial transformation.

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