POLICY NEWS

October 10, 2018 – The newly established Ministry of Ecology and Environment (MEE) published a detailed organisational plan of its Department of Climate Change (DCC), explicitly mentioning ETS as part of its responsibilities. The Division of Domestic Policy and Compliance – that now also has a second name added in

October 08, 2018 – According to the new scientific report by the Intergovernmental Panel on Climate Change (IPCC) of the United Nations, limiting global warming to 1.5 degrees Celsius above pre-industrial level could stave off the most catastrophic consequences of climate change. Human activities are estimated to have caused 1

September 25, 2018 – The Hebei Development and Reform Commission (DRC) announced in its “Puhui Certified Emissions Reduction Pilot Working Plan” that it will launch a voluntary offset market in five provincial cities by the end of 2018. The five cities are Shijiazhuang, Baoding, Cangzhou, Zhangjiakou and Chengde. The document

September 05, 2018 – The Ministry of Ecology and Environment (MEE) organised an extensive training event with about 200 participants to strengthen the state-owned electricity generation companies’ capability to participate in the further development of national ETS as stipulated in the “National ETS Work Plan for the Power Sector”. Apart

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