Asia Pacific > China proposes modest reductions in long-awaited 2023-24 ETS allowance allocation plan

China proposes modest reductions in long-awaited 2023-24 ETS allowance allocation plan

Published 09:15 on July 2, 2024  /  Last updated at 09:54 on July 2, 2024  / Chia-Erh Kuo /  Asia Pacific, China

China's environment ministry is proposing moderate reductions in the number of CO2 allowances it will hand out for 2023 and 2024 in the national emissions trading scheme compared to the previous trading period and provide more clarity on permit carryover rules, according to a draft allocation plan released Tuesday.
China's environment ministry is proposing moderate reductions in the number of CO2 allowances it will hand out for 2023 and 2024 in the national emissions trading scheme compared to the previous trading period and provide more clarity on permit carryover rules, according to a draft allocation plan released Tuesday.


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