北京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 Scope 943 enterprises 2017 Sectors Electricity, heating, cement, petrochemicals, other industrial enterprises, manufacturers, service sector and public transport Threshold Over 5,000t CO2/year of direct and indirect emissions Allowance Allocation Allocations are mostly free, based on historical emissions or carbon intensity for existing firms and on benchmarks for electricity generators and new entrants. Auctions are possible for market stabilization purposes. Market Stabilization Instruments The auctioning of additional allowances is permitted if the weighted average price exceeds CNY150/tCO2 for ten consecutive days. Repurchase of allowances is feasible if the price is below CNY20/tCO2. Compliance Timeframe for compliance Annual Fine for non-compliance 3 to 5 times the average price over the last six months of the excessive amount of emissions in the commitment period. Other fines Up to CNY 50,000 if emissions or verification reports are not ted on time. Offsets Only China Certified Emission Reduction CCER credits are eligible, with a limit if 5 of annual allowances. At least 50 must come from projects within the city of Beijing. Some sources of credits are not permitted and reductions have to be achieved after after January 1st of 2013 or after February 16th of 2005 for forestry carbon sequestration projects. Verified carbon emission reductions from energy saving projects are also allowed. 2020 Reduction Target Emission Coverage Compliance Rate Launch Date Beijing ETS 45 of gross emissions 97.7 2017 20.5 CO2 intensity vs. 2015 28 November 2013