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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 (Benchmarking)
Offsets and credits
Domestic
Cap
~4,500 MtCO2 (2019 and 2020 each)
GHGs covered
CO2
Average secondary market price (2022)
CNY 55.30 (USD 8.20)