Exploring China's National Carbon Emissions Trading Scheme

July 09, 2021 | BY

Susan Mok

Beilei Hou and Zi Ling of King & Wood Mallesons look at the emerging carbon emissions trading scheme in China, and consider the outlook for market access to foreign investors

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SUMMARY

 

  • The legal framework of the national ETS has a three-level structure; the two ETS exchanges are in Shanghai and Hubei
  • The CCER trading center in Beijing and the Guangzhou Futures Exchange in Guangzhou have been established as a supplement to the national ETS
  • Market participants and trading products will be limited on the national ETS at the initial stage
  • The National ETS will be gradually opened to foreign investors; GBA market and futures market will also bring opportunities to foreign investors