Since its commencement back in July 2021, China’s national ETS has completed its first compliance period and is currently in its second cycle. This analyst update aims to provide a brief overview of the national ETS status. Furthermore, it discusses the future path for expanding scope of this system. Based on the recent policy developments, it suggests that whereas the iron & steel and cement will likely be included under the national ETS by 2025, the full scope expansion of this scheme might only be finalized by 2030.
Current carbon landscape in China Since 2013, eight ETS pilots have been implemented in different provinces of China, including Beijing, Shanghai, Guangdong, Shenzhen, Tianjin, Hubei, Chongqing and Fujian. In December 2017, China announced the launch of i…
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