Capacity Building to Set Up an Emission Trading Scheme (ETS) in China
In recent years, climate protection and the transition to a low-carbon economy became core objectives of the Chinese Government. It has set the target of reducing CO2 emissions per unit of GDP by 40-45 % until 2020 compared to emissions of 2005.
In its 12th Five Year Plan (2011–2015), the Chinese government announced therefore its intention to set up a national carbon trading scheme by 2015. As a first measure, the National Development and Reform Commission of China (NDRC) has initiated carbon trading pilots in seven provinces and cities as of 2013: Beijing, Shanghai, Tianjin, Chongqing, Shenzhen, Guangdong and Hubei.
The project aims at supporting the provinces the pilot regions as well as national institutions in the pilot phase. It seeks to
- train technical experts and decision-makers on ETS design and implementation on a national and local scale;
- contribute to an in-depth knowledge of the legal and institutional framework of national emission trading;
- enhance the dialogue between political decision-makers and the private sector;
- involve all stakeholders into the pilot phase, especially local stock exchanges, financial service providers, verification and trading companies.
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is carrying out the project in cooperation with the NDRC which is responsible for design and set-up of ETS as well as activities in the field of climate change. Subordinated commissions of the NDRC will take care of the implementation at provincial level.
Deutsche Gesellschaft für Internationale Zusammenarbeit (Germany - GIZ)
Federal Ministry for the Environment (Germany - BMU)
July 2012 - July 2016
- PBL (2015): Enhanced Policy Scenarios for Major Emitting Countries
- WRI (2016): E-learning courses and calculation tools to support the application of GHG Protocol mitigation accounting standards
- CCAP (2011): Climate Finance Works
- GtripleC (2010): Engaging Private Sector Capital at Scale in Financing Low Carbon Infrastructure in Developing Countries
- GIZ (2016): National monitoring approaches for climate change public finance