The Introduction of ETS in China

China, over the past decade, has had a large economic presence globally with a highly industrializing market. Along with this trend, it has also received pressure from the international community to reduce their carbon emission. As a result of the COP15 conference that took place in Copenhagen, 2009, China promised a reduction of 40~45% of their emissions by the year 2020.

In 2011, as part of their 12th 5 year plan(2011~201), China aimed for a decrease in 17% of emissions as compared to 2010. This was the first time in which China set a definitive goal to actively reduce emissions. In the October of the same year, a model initiative of ETS was launched in five regions of China.

Within the two years that followed, China underwent the finalization and legislation of the scheme and on June 18th 2013, it was officially launched.

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