{"id":117988,"date":"2024-01-11T12:31:14","date_gmt":"2024-01-11T12:31:14","guid":{"rendered":"https:\/\/chinadialogue.net\/?post_type=news_digest&#038;p=117988"},"modified":"2024-04-15T16:29:38","modified_gmt":"2024-04-15T16:29:38","slug":"carbon-trading-regulations-approved","status":"publish","type":"news_digest","link":"https:\/\/dialogue.earth\/en\/digest\/carbon-trading-regulations-approved\/","title":{"rendered":"Carbon trading regulations approved"},"content":{"rendered":"\n<p>A framework of regulations for standardising China\u2019s emissions trading systems has been <a href=\"https:\/\/www.gov.cn\/yaowen\/liebiao\/202401\/content_6924498.htm\">approved<\/a> by the State Council.<\/p>\n\n\n\n<p>The \u201cInterim Regulations on the Management of Carbon Emissions Trading\u201d is yet to be published but is likely to have provisions on: defining the scale of the national carbon market, identifying \u201ckey emission companies\u201d, determining allocation of emissions allowances, data quality supervision, and trading operations, according to the Ministry of Ecology and Environment, as reported by <a href=\"http:\/\/epaper.zqrb.cn\/html\/2024-01\/08\/content_1013112.htm?div=-1\">Securities Daily<\/a>.<\/p>\n\n\n\n<p>The national carbon market, officially launched in 2021, covers about 4.5 billion tonnes of CO2 emissions annually \u2013&nbsp;all from the power sector \u2013&nbsp;making it the world\u2019s largest such market, according to <a href=\"https:\/\/m.bjnews.com.cn\/detail\/1704694967169804.html\">The Beijing News<\/a>.&nbsp;<\/p>\n\n\n\n<p>However, China\u2019s regional carbon markets lack unified laws, regulations and policy systems, and need standardising and greater transparency, states <a href=\"https:\/\/m.in-en.com\/article\/html\/energy-2330150.shtml\">China Energy Network<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The Interim Regulations public consultation draft states that no more regional markets should be established once the regulations have implemented, and that regional markets should be gradually integrated into the national market; though it is not clear if this element is retained in the officially approved version.<\/p>\n\n\n\n<p>Zhou Di, an expert on technology and standards, told<a href=\"https:\/\/hb.dzwww.com\/p\/pesjZl6t8G6.html\"> Dazhong.com<\/a> that China\u2019s carbon markets have fewer participants, insufficient laws, and insufficient flexibility in trading mechanisms, than the world\u2019s mature carbon markets. <\/p>\n\n\n\n<p>The Interim Regulations, he said, \u201cclarifies the basic principles and management requirements of carbon emissions trading\u201d, \u201cstrengthens market supervision\u201d and \u201cemphasises information openness and transparency.\u201c<\/p>\n\n\n\n<p><em>Read China Dialogue\u2019s <\/em><a href=\"https:\/\/dialogue.earth\/en\/climate\/china-carbon-market-turns-two-how-has-it-performed\/\"><em>analysis<\/em><\/a><em> of the first two years of the national carbon market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A framework of regulations for standardising China\u2019s emissions trading systems has been approved by the State Council<\/p>\n","protected":false},"featured_media":60006649,"template":"","categories":[757],"tags":[513,580],"country":[],"digest-collection":[50039911],"class_list":["post-117988","news_digest","type-news_digest","status-publish","has-post-thumbnail","hentry","category-energy","tag-carbon-emissions","tag-policy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carbon trading regulations approved | Dialogue Earth<\/title>\n<meta name=\"description\" content=\"A framework of regulations for standardising China\u2019s emissions trading systems has been approved by the State Council\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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