Overview
PMR funding supports the design and implementation of key building blocks for China’s national ETS, with particular focus on inclusion of the electricity sector and state-owned enterprises.
PMI Program Objectives
- Improvement of carbon pricing policies (role of CP in achieving carbon neutrality, interaction, and synergies with other sectoral policies).
- Improvement of the national ETS (governance, cap setting, auctioning, sector expansion, MRV and trading infrastructure, derivative trading products).
- Accelerating legislative process for emission trading, studies on carbon tax, domestic voluntary carbon markets (CCER), and CBAM.
- Strengthened institutional capacity, advocacy, and communication strategy (including just transition) in support of expansion of the national ETS.
Country Market Based Approach
Emissions Trading
Carbon Tax
International Carbon Markets
Offset and/or Other Emissions Reduction Crediting Programs
