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Official name of scheme
China - Hubei pilot ETS
ETS Status
in force
Jurisdictions
Hubei
Start of operation (year)
2014
Sectoral coverage
Industry
Allocation
Free Allocation (Grandparenting; Benchmarking) and Auctioning
Offsets and credits
Domestic (national and provincial)
Cap
180 MtCO2 (2022)
GHGs covered
CO2
Average auction price (2023)
CNY 42.73 (USD 6.03)
Average secondary market price (2023)
CNY 38.78 (USD 5.47)
Total revenue since beginning
CNY 432.75 million (USD 61.09 million)
Total revenue (2023)
CNY 46.59 million (USD 6.58 million)