Launched in 2020 (only energy sector, industrial and aviation sectors added in later phases), announced in 2017.
The objective of the ETS is to contribute to the effective control and gradual reduction ofcarbon emissions in China and the achievement of green and low carbon development.The ETS is expected to regulate ~1,700 companies from the power sector (includingcombined heat and power, as well as captive power plants of other sectors), which emitmore than 26,000 tonnes GHG or consume more than 10,000 tce per year. The Chinesesystem would cover more than three billion tonnes of CO2e in its initial phase, accounting for about 30% of national emissions.