April 25, 2018 – The European Union and China officially launched the three-year long second phase of their emissions trading co-operation programme. In this programme, the EU provides funding amounting to €10 million in an effort to help the world’s top emitting nation to develop and launch its national cap-and-trade system. The first phase, which ended last year, was focused on supporting the development of the pilot emissions trading schemes.
The Ordinance on Carbon Emissions Trading System Administrative Management is expected to be rolled out soon, awaiting review and approval by the national authority
During a regular press conference of the Ministry of Ecology and Environment (MEE) in September, Mr. BIE Tao, Deputy Director of the Department of Laws,