Exemptions cancel out stricter benchmark in new China ETS allocation plan

Published 15:50 on November 20, 2020  /  Last updated at 18:51 on November 20, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China's environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.

China’s environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.

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