On March 30, 2021, the MEE released an updated draft of the national emissions trading system (ETS) Ordinance for public comments by April 30, 2021. Compared with the existing “Administrative Measure for National ETS (Trial)” issued by MEE, the Ordinance will be approved and released by the State Council and
The Bureau of the Conference of the Parties (COP) to the Convention on Biological Diversity (CBD) has considered and approved revised dates for COP 15. The meeting will now be held from October 11 to 24, 2021, in Kunming, Yunnan Province, China. The dates were proposed based on consultations held
During the “Two Sessions” of China this March, deputies and members of the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) have commented on the national ETS. Overall, they suggested that 1) the national ETS should have trading activities as soon as possible, 2) relevant system construction
A representative of China’s National People’s Congress announced that a law is currently being drafted to improve ecosystem protection and promote regional economic development in the Yellow River Basin. The aim is to strengthen the protection of the watercourse and prevent environmental pollution. In addition, it was announced that similar
China’s State Council issued a guideline on February 22, urging efforts to build an economic system featuring green, low-carbon and circular development, and to promote an overall green transformation of the economy and society. By 2025, the industry, energy and transportation system will see a noticeable improvement, with the manufacturing,
On January 05, 2021, the MEE released the interim administrative measure for the national ETS of China, which came into force on February 01, 2021. According to the trial measure, the MEE is responsible for constructing the national ETS including defining the coverage of greenhouse gases (GHG) and scopes, building
China’s Annual Central Economic Work Conference was held in Beijing from December 16th-18th. The conference set out key tasks for the next year. Preparing the work for the planned carbon peak but also carbon neutrality are among these tasks. The conference pointed out that China is striving to reach a
In December 2020, there have been three regional pilot ETSs – Fujian, Guangdong and Tianjin – which published their allowance allocation plans for the year 2020. According to the “(Trial) Administrative Measures” (draft for public comments) issued by the Ministry of Ecology and Environment (MEE), the companies covered by the
Since November, the MEE consecutively released draft versions of the trial administrative measures as well as supplementary guidelines (registration, trading & clearing, allocation plan, monitoring & reporting, and verification) for China’s national ETS and called for public comments. On November 02nd, November 20th, December 04th and December 16th, the Ministry
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