Development of China's Carbon Trading Markets

China is the world’s largest carbon emitter. To begin to tackle the negative impact of excessive carbon emissions, China announced the establishment of its national carbon market in December 2017. With this announcement, it became the largest carbon pricing initiative in the world, surpassing the EU and U.S. carbon markets. However, China has a number of challenges ahead in establishing a full-blown and fully-operational carbon trading system as well as using market based solutions in the war against pollution.;xNLx; ;xNLx;Over the next few years, China plans to seek solutions to the challenges including collection of adequate data, development of a regulatory framework, and creation of a futures trading market for carbon. In the interest of reducing carbon emissions, it is important that China succeeds.;xNLx; ;xNLx;The carbon market timeline below is a tool to track the continued evolution of China’s carbon market. It provides a quick snapshot of important carbon market developments and carbon financing innovations;xNLx;

2011-10-29 09:44:41

China Approved Carbon Emissions Trading Pilot Program in Seven Provinces and Cities

2012-06-13 09:44:41

Chinese Certified Emission Reductions (CCERs) Trading System Formally Established

2013-06-18 09:44:41

China Inaugurated Its Pilot Emissions Trading Scheme (ETS) in the City of Shenzhen

2013-11-30 09:44:41

Shanghai and Beijing Launched Carbon Trading Schemes

2013-12-31 09:44:41

Guangdong and Tianjin Launched Their Carbon Emission Trading Schemes (ETS)

2014-04-02 09:44:41

China Goes Forward on Pilot ETS with Hubei Province

2014-06-19 09:44:41

Chongqing Launched its ETS

2014-08-08 09:44:41

China Approved Foreign Investors Participating in Shenzhen Carbon Market

2014-09-10 09:44:41

First Carbon-Lending Pledge Loan Launched in Hubei

2014-12-10 09:44:41

NDRC Released Interim Measures for the Administration of Carbon Emission Trade

Development of China's Carbon Trading Markets

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