Projects Energy and Environment

China's much-anticipated national carbon trading market sees carbon price rise on first day of trading; MIIT, CAC forbid sharing of cybersecurity vulnerabilities information with overseas entities; and Biden administration adds dozens more Chinese companies to export control blacklist

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

Transaction limits are specified for national carbon trading

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

Shanghai energy exchange releases details of carbon emissions trading; first options products open to foreign investors begin trading in Shanghai, Dalian; and PBOC orders major banks and payment services institutions to clamp down on OTC crypto merchants

The new emissions allowance system allows for the offset of voluntary emissions.

A risk warning system is in place for carbon trading

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

China establishes its national carbon trading regime

MEE issues carbon trading rules ahead of national market launch; PBOC expands ban on financial institutions providing crypto-related services; and CAC identifies 105 mobile applications for personal information collection violations