In recent years, climate protection and low carbon economic transformation have become the core working objectives of the Chinese government. The Chinese government has targeted to reduce CO2 emissions from per unit GDP in 2020 by 40-45% compared with 2005, and has selected 7 pilots for carbon emissions trading. As one of the pilots, Shenzhen first officially launched its Carbon Emissions Trading Scheme in June 2013.

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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.