Skip to main content

China launches carbon market, set to be world’s largest

by Futures Centre, Jan 16
1 minute read

On 19 December 2017, China took the first step towards launching its carbon market – by allocating emissions quotas for a cap-and-trade scheme. The move follows seven regional pilots launched in 2013 and 2014, backed by central government. China’s new nationwide scheme will apply to emissions from power plants producing more than 26,000 tons of carbon dioxide per year—which means almost all of China’s power plants will be included. Those power plants are estimated to produce 33% of China’s national emissions.

adi-constantin-65004

The volume of emissions from China’s electricity sector is so large, that even without including any other industries, the country’s carbon market will rapidly grow to become larger than the world’s current biggest, in Europe.

China’s market is expected to bring about a quarter of the world’s emissions under some kind of trading system. This would cover more carbon pollution than the EU’s market, whose yearly allowances are currently valued at 14 billion euros ($16.5 billion) a year.

Details

by Futures Centre Spotted 1933 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>