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China Moves to Launch National Emissions Trading System

On December 31st, 2020, the Chinese Ministry of Ecology and Environment (MEE) issued the Measures on the Administration of Carbon Emissions Trading (Trial). China has been working to establish a national ETS which initially covers the power sector.

On December 31st, 2020, the Chinese Ministry of Ecology and Environment (MEE) issued the Measures on the Administration of Carbon Emissions Trading (Trial) [1] (hereinafter refers to the “Measures”) to replace the Interim Measures on the Administration of Carbon Emissions Trading which was introduced in December 2014. The Measures later took effect on February 1st this year.

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