On 11 June 2021, the State Council issued the Notice for the Legislative Plan of 2021 – a document in which the country’s highest-ranking administrative body notifies other government agencies of the legislative work they are expected to fulfill in a given year. Given that the “National Emissions Trading System (ETS) Interim Ordinance” is mentioned in said report, one can expect the decree to be published before the end of the year. Recently, the MEE asked provincial governments, financial regulators, and other authorities to comment on a draft of the Ordinance. After the first round of consultations earlier this year, the MEE had already submitted a draft to the State Council and the Ministry of Justice.
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.