Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

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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More policy news

Ministry of Transport releases action plan to strengthen multimodal freight transport

On 29 September 2026, the Ministry of Transport, together with 11 other government departments and the China State Railway Group, issued the “Action Plan for Promoting High-Quality Development of Multimodal Transport and Optimizing the Transport Structure” (2026–2030). By 2030, the plan aims to improve links between railways, ports, inland terminals, logistics parks and industrial zones, strengthening multimodal freight services. Targets include an 80% railway connection rate in multimodal transport areas at coastal ports and more than 90% of freight transfers at key hubs completed within one hour. It also promotes shifts of suitable bulk freight from road to rail and water. For key industries, the plan targets an 85% share of clean transport.

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Ministry of Transport issues 15th Five-Year Plan for Integrated Transport Service Development

The plan, released on 24 July 2026, focuses on a whole-chain, integrated and resilient freight and logistics system, alongside digitalisation, greener transport and rural connectivity. It envisages shifting freight from road to rail and water, scaling up new energy heavy-duty trucks and using digital tools for logistics operations and safety oversight. Specifically, it targets completion of 90% of freight transfers between transport modes within one hour at key integrated freight hubs and delivery and logistics stations in 90% of administrative villages. The share of new energy heavy-duty trucks is to rise from 4% in 2025 to 20% by 2030.

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