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Official name of scheme
China National ETS
ETS Status
in force
Jurisdictions
China
Start of operation (year)
2021
Sectoral coverage
Power
Allocation
Free Allocation (Output-based Benchmarking)
Offsets and credits
Domestic (national) with quantitative limits
Cap
~5,200 MtCO2 (2023)
GHGs covered
CO2
Average secondary market price (2024)
CNY 95.96 (USD 13.33)