15 March 2018. Beijing, PR China – Delegates from the Chinese National People’s Congress asked the government to speed up the implementation of the national emissions trading scheme. They furthermore proposed to merge it with the planned energy consumption trading system in order to reduce administrative costs for companies that have to comply with both. Four other delegates from Henan province submitted a proposal for an assessment of a possible inclusion of emissions reduction from agriculture as an offset mechanism in the ETS.

http://special.chinadevelopment.com.cn/2018zt/2018lh/lhxw/2018/03/1242022.shtml

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Sino-German Cooperation on Emissions Trading Systems, Carbon Market Mechanisms, and Industry-related N2O Mitigation

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 - 09/2022

The project has been supporting the development of ETS in China since 2012. Since the launch of the Chinese national ETS, the project provides support to further refine the ETS and strengthen the political and technical dialogue between China and Germany on carbon market topics. Since 2020, the project also supports the abatement of industry related N2O emissions through capacity building, studies, workshops, and various exchange formats.