On 2 July, China’s Ministry of Ecology and Environment (MEE) released a draft 2023-2024 allocation plan for the power sector. With its more stringent benchmarks and banking rules, as well as more frequent compliance, we expect this plan to increase liquidity in the Chinese national ETS.
The long awaited draft allocation plan for the years 2023-2024 covers the same scope as previous compliance cycles: the Chinese national ETS continues to regulate coal and gas plants, with three categories of coal plants, including those with generating ca…
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