China’s National Development and Reform Commission (NDRC) has ordered most coal-fired power plants to improve their coal-burning efficiency, a move that could further increase the oversupply of allowances in the ETS unless the environment ministry adopts similar adjustments to the CO2 allocation benchmark.
China orders efficiency improvements for coal-fired power plants
China’s National Development and Reform Commission (NDRC) has ordered most coal-fired power plants to improve their coal-burning efficiency, a move that could further increase the oversupply of allowances in the ETS unless the environment ministry adopts similar adjustments to the CO2 allocation benchmark.
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