China releases 2021-22 carbon market allocation draft for consultation

Published 05:09 on November 3, 2022  /  Last updated at 21:39 on November 23, 2022  /  Asia Pacific, China  /  No Comments

China’s environment ministry is planning to make slightly fewer reductions in the number of CO2 allowances it will hand out for 2021 and 2022 in the national emissions trading scheme compared to the 8% cut it has previously suggested, according to an updated draft released Thursday.

Updated with comments throughout.

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