South Pole has partnered with Beijing-based consulting firm Environomist, the Shanghai Environmental an Energy Exchange, and Chinese testing and certification organization CTI to profile and compare all seven pilot emission trading schemes (ETS) of China. 2013 has witnessed five out of the seven pilots going live – enabled by a wealth of legislation and regulations forming the foundation of China’s future carbon markets. The China Carbon Market Research Report 2014 summarizes key aspects across several dimensions for all the pilots, highlights implications of particular policy decisions, and puts them into perspective by comparing to an established cap-and-trade scheme, the EU ETS.
At the launch event at UNDP China’s headquarters on February 28, South Pole’s country director Caspar Chiquet, one of the lead authors of the report, pointed out the significance of sharing information among market participants. “We hope that this report helps emitters engaging in a dialogue with policy makers, identifying gaps in current legislation and disseminating best practice approaches to problems such as allowance allocation, compliance enforcement, or monitoring, measurement and reporting (MRV)”, Mr. Chiquet stated, and invited present industry representatives to collaborate on future updates of the report.
South Pole’s team in Beijing is actively participating in the ongoing development of the world’s biggest carbon market in China through activities such as the IETA BPMR, the China Carbon Forum, and through its continuous dialogue with Chinese policy makers and emitters under the cap. To learn more about the emerging Chinese ETS pilots, contact South Pole’s country director for China, Caspar Chiquet: email@example.com.
You can download the full report here.
Download the Chinese version here.