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Is China closer to rolling out its national carbon market?
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Report summary
China is aiming to kick off its nationwide carbon market in 2017 and recently disclosed information shows how carbon allowances will be allocated. Using the emission factors and methodologies proposed in the revealed draft, we have estimated the baseline emission in 2015 to be 3.76 billion tCO2 from fossil fuel generators. Our in-house power model gives a base case view of around 3.86 billion tCO2, just 100 MtCO2 higher than the government-proposed baseline. We believe this draft plan marks a positive step towards launching the integrated carbon market, though challenges remain.
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- Is China closer to rolling out its national carbon market?
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- 2015 China baseline carbon emissions in coal- and gas-fired power plants by technology
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