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Example

China’s planned emissions trading system

China has been developing and running test pilots for a national emissions trading system for some years. Since 2011, China has been operating seven test pilot carbon markets in different regions. A 2017 State Council directive established process and framework for China’s national carbon market going forward. The Ministry for Ecology and Environment’s work focuses on developing the “Interim Regulation on Carbon Emissions Trading,” last updated in April 2019, which will constitute the primary legal basis of the national carbon market.

Documents

  • Existing Laws

    Program for the establishment of a national carbon emissions trading market (power generation industry) (2017)

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  • Other Resources

    ICAP analysis: China releases draft Interim Regulations on the Management of Carbon Emissions Trading

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  • Other Resources

    Carbon brief analysis: China’s big carbon market experiment

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