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

MEE Released Administrative Rules on the Trading Platform, Registry and Settlement for National Carbon Market (Trial Version)

On 17 May 2021, the Ministry of Ecology and Environment (MEE) issued three documents expounding the administrative rules regarding the trading platform, registry, and settlements of the country’s national ETS. In the announcement, it nominated Hubei Emission Exchange as responsible for the registry system and Shanghai Energy and Environment Exchange as custodian of the trading system until new institutions for the management of the respective systems are established. As such, both trade centres will be in charge of opening accounts, operating the system, and maintaining it.

The documents are the results of a round of consultations in November 2020. The main aspects of the announcement are:

  • Initially, only enterprises which are covered by the national ETS will be free to open accounts. Other entities are to be allowed as well according to rules which the regulator will announce later on.
  • As of now, only allowances (CEAs) are permissible for trade. The MEE plans to introduce other products in the future.
  • The staff of government authorities, the registry, and the trading platform, as well as verification entities, will be prohibited from opening accounts or trading.
  • Co-clearing banks and related personnel shall not engage in carbon trading activities.
  • A maximum position of allowances will be imposed. Anyone who crosses the set threshold will need to report to the exchange. The maximum holding level will be defined by the exchange.

Read more

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.

Read More »

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.

Read More »

Contact Us

Email:
climatechangechina@giz.de
Address:
Tayuan Diplomatic Office Building (16F) 
14 Liangmahe Nanlu, Chaoyang 
District 100600 Beijing, PR China
Newsletter:
IKI China (in “Project and programme newsletters” section)

LinkedIn:

WeChat: