重庆市碳排放交易体系情况说明书.pdf
Capacity Building for the Establishment of Emissions Trading Schemes in China Last Update April 2018 Coverage GHG CO2, CH4, N2O, HFCs, PFCs, SF6 Scope 237 enterprises 2016 Sectors Power, electrolytic aluminum, ferroalloys, calcium carbide, cement, caustic soda, iron and steel Threshold Over 20,000t CO2/year Allowance Allocation Free allocation based on historical emissions. A reduction factor might be applied if the total free allocation amount exceeds the cap. The allocation can be adjusted based on actual production data. Market Stabilization Instruments Trading can be temporarily suspended in order to stabilize the market in case of significant price fluctuations. Entities are not allowed to sell more than 50 of their free allocation. Compliance Timeframe for compliance Annual Fine for Non-Compliance There are no financial penalties but penalties may come in the of media reporting and public exposure; disqualification from the energy saving and climate subsidies and associated awards for three years; and a record entered on the State Owned Enterprise SOE perance assessment system. Offsets Only China Certified Emission Reduction CCER credits are permitted with a limit 8 of annual allowances. Reductions have to be achieved after 2010 with the exception of carbon sink projects. Credits from hydro projects are not allowed. 2020 Reduction Target Emission Coverage Compliance Rate Launch Date Chongqing ETS 40 of gross emissions n.a. 19.5 CO2 intensity vs. 2015 19 June 2014