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

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

13 minute readJune 25, 2021 at 03:08 AM

Vincent Chow

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

Credit: Erickson/Adobe Stock

Summary

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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