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

MEE Postpones Launch of Online Emissions Trading

Despite the Ministry of Ecology and Environment’s (MEE) statement at a press conference in May, the government body has declared that the launch of the online trading function for its national ETS will be postponed to a later date, likely July. No reasons for the delay were given.

The national ETS, which is set to account for four billion tons of carbon emissions, is currently in its final preparation phase. According to public sources, the power generation sector in most of the provinces has already completed the verification process. The authorities are planning to finish verification by 30 June 2021, allocate allowances by 30 September 2021, and complete compliance by 31 December 2021. Moreover, key industries such as electric power and steel were encouraged to monitor their GHG emissions, accelerate the comparison of technical standards and monitoring results, and explore the integration of their emission results in their accounting practices.

Furthermore, the ministry has communicated that, in order to achieve its carbon goals, it has co-developed a carbon monitoring and evaluation system together with institutions such as the Chinese Academy of Sciences. Additionally, three pilot projects which address issues such as the real-time monitoring of emission sources are currently in the works.

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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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