China Carbon Trading: EU, Pilot Schemes Hint at What's to Come

June 25, 2021 | BY

Vincent Chow

Industry coverage, allowance allocation, and compliance obligations are all expected to be ramped up under China's national carbon emissions trading scheme

Credit: Erickson/Adobe Stock

Summary

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  • Heavy emitting power plants nationwide subject to new carbon trading obligations 
  • Generous compliance obligations expected to be ramped up over time
  • Carbon leakage risk small in short-term due to low carbon prices
  • MNCs concerned about being enforcement targets 

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