General Office of the Ministry of Ecology and Environment, Tentative Regulations for the Administration of Carbon Emissions Trading (Revised Draft)

生态环境部办公厅碳排放权交易管理暂行条例 (草案修改稿)

April 23, 2021 | BY

Susan Mok

Allocation of carbon emission allowances will be conducted for free at the initial stage

Issued: March 30, 2021

Main contents: The allocation of carbon emission allowances includes allocation without consideration and allocation with consideration, with allocation without consideration being the main method initially. As required by the state, allocation with consideration will be brought in at an appropriate time, with the proportion of allocation with consideration to gradually increase (Article 8).

If a key emitter, after paying in full for its carbon emission allowance, still has an allowance balance, it may carry the same forward for later use. If such an emitter cannot pay in full, it may complete payment by means such as purchasing an allowance on the national carbon emission trading market.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]