The Ministry of Ecology and Environment, in its first formal publication on the subject of the Chinese emissions trading scheme since taking over the responsibility for its development from the National Development and Reform Commission, published draft ‘Interim Regulations’ in April 2019 setting out the overarching legislative framework proposed for the scheme.

Whilst this publication is very welcome and long-overdue, its sparsity highlights how much work still remains to be carried out and publicised before the scheme can be fully made operational. This client paper assesses the ‘Interim Regulations’ and considers some of the known-unknowns that follow from its publication.Continue Reading Chinese National Emissions Trading Scheme Update – some progress but more questions than answers