Years of groundwork came to a conclusion with the official ushering in of trading in the Chinese national emissions trading system (ETS) on 16 July 2021. The launch ceremony, which was simultaneously officiated in the cities of Beijing, Wuhan and Shanghai, saw Vice Premier HAN Zheng, in the presence of
Despite the Ministry of Ecology and Environment’s (MEE) statement at a press conference in May, the government body has declared that the launch of the online trading function for its national ETS will be postponed to a later date, likely July. No reasons for the delay were given. The national
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
Since May 2021, the Department of Climate Change (DCC) has consecutively requested the China Building Materials Federation (CBMF), the China Iron and Steel Association (CISA), the China Nonferrous Metals Industry Association (CNMIA) as well as the China Petroleum and Chemical Industry Federation (CPCIF) to support the preparatory work ahead of
The International Forum on Accelerating Emissions Peaking and Carbon Neutrality in the Yangtze River Delta Region was held on 10 June, hosted by World Resources Institute, and supported by the Consulate General of Denmark in Shanghai, Consulate General of Finland in Shanghai, Embassy of Iceland in Beijing, Consulate General of
On 11 June 2021, the State Council issued the Notice for the Legislative Plan of 2021 – a document in which the country’s highest-ranking administrative body notifies other government agencies of the legislative work they are expected to fulfill in a given year. Given that the “National Emissions Trading System