Podcast #34: What is China's New National Carbon Trading Market?

June 28, 2021 | BY

Vincent Chow

MNCs are concerned about enforcement and the monitoring and verification requirements of the new national market

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China has launched a national carbon emissions trading system for the first time, with trading set to begin imminently. Multinationals can expect to be significantly affected by the compliance requirements laid out by the new market, while also standing to profit from the new investment opportunities it presents. Nancy Sun and Andrew Westgate discuss what carbon trading is, how it works, how China's emissions trading scheme (ETS) compares with other ETSs around the world, and what the opportunities and challenges are for MNCs in China.

For the full episode, click here to listen on Apple Podcasts and here for Spotify. Find the full in-depth analysis article on this topic here.

Nancy Sun is a senior partner at Dentons in Shanghai, where she advises major foreign and Chinese energy companies on environmental and general corporate matters.

Andrew Westgate is an associate