The Track-2-Dialogue in 2022: Toward COP27
In the first weeks of the new year, the Track-2-Dialogue (T2D) working groups 1 to 4 dealt with the content-related and organisational re-orientation of their fields of work.
This video by the German Emissions Trading Authority (DEHSt) at the German Environment Agency (Umweltbundesamt) explains how the ETS works in practice.
ETS in practice: A short introduction
Climate change can be felt already. The consequences of global warming include ever new heat records, heavy rains, and floods.
In order to protect the climate by reducing GHG emissions, the European Union introduced an ETS in 2005. The ETS is a market mechanism that creates incentives for companies to burn less coal and gas and thus reduce their climate-damaging emissions by setting a cap for emissions and providing tradable allowances.
Since 2013, China has introduced pilot ETS in Beijing, Shanghai, Tianjin, Chongqing, and Shenzhen, as well as in Guangdong, Hubei and Fujian province. China’s national ETS will become the largest system in the world.
This video by the German Emissions Trading Authority (DEHSt) at the German Environment Agency (Umweltbundesamt) explains how the ETS works in practice.
In the first weeks of the new year, the Track-2-Dialogue (T2D) working groups 1 to 4 dealt with the content-related and organisational re-orientation of their fields of work.
The second Steering Committee Meeting of the Sino-German Cooperation on Climate Change (SGCCC) took place on 24 March in a hybrid setting.
After July 2021 reports had shown that the technical service company China Carbon Energy Investment and S&T (中碳能投科技有限公司) falsified emission data and supported key enterprises in their effort to manipulate their data of the first compliance cycle, the Ministry of Ecology and Environment (MEE) announced to increase its attention on the quality of emission data.