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
On Oct 21st, 2020, the Ministry of Ecology and Environment (MEE), National Development and Reform Commission (NDRC), People’s Bank of China (PBOC), China Banking and Insurance Regulatory Commission (CBIRC), and China Securities Regulatory Commission (CSRC) jointly launched a guidance document to promote climate investment and finance in China. The Guidance
On 3 November 2020, the Central Committee of the Communist Party of China (CPC) issued proposals on formulating the 14th Five-Year Plan for National Economic and Social Development and the Long-Term Vision Objectives Through to the Year 2035. The proposals also related to energy transition and low carbon development. Low Carbon Development
China pledges CO2 emission peak by 2030 and carbon neutrality by 2060, as President Xi Jinping announced on September 22, 2022, at the 75th United Nations General Assembly. The renowned research institute at Tsinghua University already reacted to the new climate goal pledges with a presentation and recommendations for the
On December 30th, 2020, the MEE officially issued the “2019-2020 cap setting and allowances allocation plan (power generation sector) of China’s national ETS”. Local authorities have been asked to complete the pre-allocation by January 29th, 2021. Compared to the previous draft released in November the number of covered companies decreased
A notice of a complete ban on solid waste imports was released jointly by China’s Ministry of Ecology and Environment (MEE), Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC), and the General Administration of Customs. From 1 January 2021, the import licenses for solid waste will be
Premier Li Keqiang hosted an executive meeting of the State Council on December 9th, 2020. The meeting passed the “Regulations on the Management of Emission Permits (Draft)” (hereafter called “Draft”), clarifying that the pollutant discharge units shall be classified according to the amount of pollutants produced, discharged, and the level
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