International Energy Agency; Tsinghua University - 2021
The People’s Republic of China (“China”) officially launched its national emissions trading system (ETS) in 2017, and … it will come into operation in 2021. Initially covering the power sector, which accounts for over 40% of China’s energy …-related CO2 emissions, the ETS is set to subsequently be expanded to other energy-intensive sectors. China’s national ETS could …