Shanghai Environment and Energy Exchange (SHEEEX) Announces Transaction Rules

On 22 June 2021, the Shanghai Environment and Energy Exchange (SHEEEX) announced the transaction rules for the national ETS. The announcement, elaborated on the five aspects of trading place, transaction mode, trade session, information disclosure, and market oversight. SHEEEX oversees opening trading accounts and maintaining the exchange system until the country opens an official trading institute. Trade sessions will be held from 9:30 to 11:30 and 13:00 to 15:00 from Monday to Friday for listed trading and between 13:00 to 15:00 from Monday to Friday for block trading.

Carbon emission allowances may be traded via agreements or one-way bidding, of which the former includes listed trading and block trading. Listed-trading transactions will be limited to 100,000 tons CO2 per purchase with prices fluctuating at most ±10% compared to the closing price on the last trading day. Block-trading on the other hand starts at 100,000 tons CO2 per purchase and takes place in a price range of ±30% compared to last day’s closing price.

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

Project country
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)
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.