With China approaching the operational start of its national ETS, the system’s infrastructure design is now in its final stages. One key building block is the national registry, which is currently being developed by a project team led by China Hubei Carbon Emission Exchange (CHEEX).
On June 19th, the GIZ project “Capacity Building for the Establishment of ETS in China” organised a virtual meeting to support the development of the registry in China by facilitating a bilateral technical exchange between China’s ETS and the EU ETS. The meeting was attended by experts from CHEEX, the German Emissions Trading Authority (DEHSt) and the Research Center for China’s Carbon Market at Tsinghua University. Mr. Lin Songsong from CHEEX began by giving an introduction on the registry construction of the national ETS in China. This was followed by two presentations by Mr. Christoph Kühleis and Mr. Oliver Schwalb from DEHSt on the German implementation experience and the Union Registry, respectively. In the ensuing discussion, experts delved into conceptual issues surrounding the establishment and operation of an ETS registry. In particular, the discussion touched on topics such as registry security, serial numbers of carbon credits and registry connectivity.
The meeting was very fruitful and provided valuable support for the establishment of the registry in China. Both CHEEX and DEHSt agreed to continue the exchange in the future.