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China Consults on Provisional Administrative Rules on Carbon Emission Trading

  •   8 Apr 2019
  •    Nora Wang
  •    891
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    On April 3, 2019, the Chinese Ministry of Ecology and Environment issued a notice [1] seeking feedback on the Provisional Administrative Rules on Carbon Emission Trading, in a bid to control green-house gas emissions with a market-oriented mechanism and promote the green and environment-friendly development of China’s economy.

    Major responsibilities of regulatory authorities

    According to the Rules, it applies to all carbon emission trading activities and relevant regulatory practices within the territory of China. The MEE is responsible for supervising and managing carbon emission trading activities across the country, the central government will establish a coordination mechanism for carbon emission trading, and local authorities of ecology and environment should assume the regulatory responsibility for relevant activities within their respective administrative jurisdiction.

     

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