湖北省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 344 enterprises 2017 Sectors Power and heat supply, iron and steel, non- ferrous metals, petrochemicals, chemicals, chemical fiber, cement, glass and other building materials, pulp and paper, ceramics, automobile and general equipment manufacturing, food, beverage and medicine producers Threshold Over 10.000 tce/year energy consumption in 2014-2016 Allowance Allocation Allocation is free and based on benchmarks for power, heat, co-generation and most of the cement sector and historical carbon intensity is used for glass and other building material, pulp and paper, and ceramics. For all other sectors, grandfathering is used based on the emissions from the previous three years. Ex-post allocation adjustments are possible. Market Stabilization Instruments 8 of the total cap is kept as government reserve that the local government can sell in case of market imbalances after a consultation of an advisory commitee. The commission is also able to buy back allowances. Furthermore, the price difference between two days is limited to between -10 and 10. Compliance Timeframe for compliance Annual Fine for non-compliance Companies failing to surrender enough allowances will be deducted twice the amount of allowances from next years allocation and have to pay a fine amounting to one to three times the average market price for each allowance. The maximum is CNY 150,000. Other fines Failing to an emissions or verification report on time leads to a fine of CNY 10,000 to CNY 30,000, while market manipulation is fined with up to CNY 150,000. Offsets Only Chinese project-based carbon offsets CCERs from 2015 can be used for the offset of up to 10 of emissions. They have to be generated from rural biogas and forestry projects located in poor areas of Hubei. 2020 Reduction Target Emission Coverage Compliance Rate Launch Date Hubei ETS 35 of gross emissions n.a. 19.5 CO2 intensity vs. 2015 02 April 2014