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
According to the “Notice of Emissions Data Collection for the year of 2016 and 2017, and Monitoring Plan Submission (发改办气候〔2017〕1989号)” published last December, the following regions have published their list of key emitters, referring to entities who emitted 260 thousand tons CO2e per year in one of the periods from
27 March 2018 – China recently announced that the Climate Change Office will be moved away from the National Development and Reform Commission (NDRC) to a newly created Ministry of Ecology and Environment (MEE). Xie Zhenhua, China’s special representative on climate issues, stated on the Green Carbon Development Summit on
May 24, 2018 – According to IETA’s annual GHG Market Sentiment survey, 71% of respondents think that the reputation of emission trading could be impacted if the Chinese ETS is not seen as a success by the international community. The survey, which was carried out by PwC with over 100
15 March 2018. Beijing, PR China – Delegates from the Chinese National People’s Congress asked the government to speed up the implementation of the national emissions trading scheme. They furthermore proposed to merge it with the planned energy consumption trading system in order to reduce administrative costs for companies that
14 March 2018 – The Chinese Government announced that the topics of climate change and emission reduction, which are currently with the NDRC, will be moved to the newly created Ecological Environment Ministry. The new ministry will be based on the Ministry for Environmental Protection (MEP), but has been strengthened
