August 30, 2018 – The Guangdong Provincial Development and Reform Commission announced that until further notice it will not approve any applications for more credit issuances in its provincial offset mechanism called Pu Hui Certified Emission Reduction (PHCER). The Guangdong government aims to evaluate the current mechanism before the authorities
July 17, 2018 – During the 20th EU-China summit, Brussels and Beijing signed a strategic partnership including a renewed commitment to carbon market cooperation, while the joint statement of the summit also mentioned the recently launched second phase of the EU-China ETS cooperation project. Some commentators saw these steps as
July 16, 2018 – Shanghai announced that it will offer 2 million carbon allowances in an additional auction on July 31. The goal of this auction is to help emitters comply with the ETS after shortages of certificate supply. The auctioning will be limited to ETS participants and the allowances
June 11, 2018 – The government of Shanghai announced a new at 5.15 million tonnes cap on CO2 emission growth, thereby setting the target significantly lower than the 5.8 million tonnes cap in 2017. The cap is furthermore the lowest since the city introduced the caps, which are based on
May 24, 2018 – The council in Nanshan district in the city of Shenzhen has extended a funding scheme for local emitters, paying them if emission allowances remain unused. The emitters receive funding of up to 300.000 yuan (ca. 40.000 Euro) based on how many certificates are not used when
May 8, 2018 – The central government has decided to hand over the responsibility of running the nation’s offset registry to the Beijing Environment Exchange, after looking for an appropriate institution for over a year. The Registry has been overseen by the National Center for Climate Change Strategy and International
April 30, 2018 – In the first quarter of the year, the energy intensity of China’s GDP has declined by 3.2 percent, as reported by the Chinese National Bureau of Statistics. Thereby the current development is continuing to outpace the national target of 3 percent average annual reduction. At the
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
April 19, 2018 – The State Council of China has approved an allocation plan for the trial emissions trading system for the power sector. Although specific details are not yet available, this step is seen as a milestone in the development of the national ETS, as experiences from the trial
