Name: China economic focus August 2021: how will emissions trading impact the economy?
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Insight 25 August 2021

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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China is stepping up the pace of issuing climate change mitigation policies to meet its 2060 carbon neutrality goal. These policies include the recently launched Emissions Trading System (ETS) and others targeting energy-intensive industries. Industry-focused policies will have a more immediate impact on emissions than the ETS initially. However, transitioning from government intervention to market forces needs to accelerate to reduce the economic cost of climate change mitigation policies.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Highlights
    </li>

<li class="list__item-toggle font-semibold">
        Emissions trading system: foundations laid for net zero
    </li>

<li class="list__item-toggle font-semibold">
        Taking aim at industry
    </li>

<li class="list__item-toggle font-semibold">
        China’s climate change mitigation plan and impact on the economy
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<li class="list__item-toggle font-semibold">
        Key charts
    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Carbon prices and ETS trade volumes</li><li class="list__item push-quarter--bottom">Carbon prices in different countries and regions</li><li class="list__item push-quarter--bottom">Industrial policies to control carbon emissions</li>
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        <ul class="list list--bullets panel-toggle" id="dabbac1bfc144e16bc1c29e8d61f864d">
            <li class="list__item push-quarter--bottom">Wood Mackenzie’s proprietary China data</li><li class="list__item push-quarter--bottom">Manufacturing PMI</li><li class="list__item push-quarter--bottom">IP and retail sales</li><li class="list__item push-quarter--bottom">Money supply (M2)</li><li class="list__item push-quarter--bottom">Required reserve ratio</li><li class="list__item push-quarter--bottom">Trade</li><li class="list__item push-quarter--bottom">Inflation</li><li class="list__item push-quarter--bottom">Property</li><li class="list__item push-quarter--bottom">Investment</li>
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >China economic focus August 2021: how will emissions trading impact the economy?</p>
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