MEE released draft trial administrative measures as well as supplementary guidelines (registration, trading & clearing, monitoring & reporting, and verification) for China’s national ETS

Since November, the MEE consecutively released draft versions of the trial administrative measures as well as supplementary guidelines (registration, trading & clearing, allocation plan, monitoring & reporting, and verification) for China’s national ETS and called for public comments.

On November 02nd, November 20th, December 04th and December 16th, the Ministry of Ecology and Environment (MEE) issued the “(Trial) Administrative Measures” (draft for public comments), “(Trial) National Registration and Trading and Clearing Management Measures” (draft for public comments), “2019-2020 cap setting and allowances allocation of China’s national ETS” (draft for public comments), “Greenhouse Gas Emissions Accounting Methods and Reporting Guidelines for Power Generation Facilities” (draft for public comments) and “(Trial) Greenhouse Gas Verification Guidelines” (draft for public comments).

The infrastructure construction for China’s national ETS progressed intensely and now provides a solid foundation for the upcoming operation.

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Sino-German Project on Capacity Building for the Establishment of ETS in China

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 - 03/2020

The Chinese government has set itself the goal of reaching the peak of CO2 emissions by around 2030 and reducing CO2 emissions per unit of GDP by 60 to 65% compared to 2005 levels. To achieve these targets, China is gradually establishing a national Emission Trading System (ETS) as one of the key building blocks of its mitigation strategy. Since the start of the project in 2012, the Sino-German project “Capacity Building for the Establishment of Emissions Trading Schemes (ETS) in China” has been supporting the Chinese government in this endeavour through knowledge transfer and strengthening of the political leverage of key institutions and stakeholders required to develop and operate an ETS. Initially, the project supported the development of the regional pilots ETS. Since 2016, the focus lies on support for the roll out of the national ETS. The project is jointly implemented by GIZ and the Ministry of Ecology and Environment (MEE) of the People’s Republic of China. It is executed on behalf of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) within the framework of the International Climate Initiative (IKI) that is financing climate and biodiversity projects in developing and newly industrialising countries, as well as in countries in transition.