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Copyright
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Official name of scheme
China - Shanghai pilot ETS
ETS Status
in force
Jurisdictions
Shanghai
Start of operation (year)
2013
Sectoral coverage
Maritime
Domestic Aviation
Transport
Buildings
Industry
Power
Allocation
Free Allocation (Grandparenting; Output-based Benchmarking) and Auctioning
Offsets and credits
Domestic (national and provincial), with quantitative limit
Cap
105 MtCO2 (2023)
GHGs covered
CO2 only
Average auction price (2024)
CNY 77.87 (USD 10.82)
Average secondary market price (2024)
CNY 75.45 (USD 10.48)
Total revenue since beginning
CNY 628.01 million (USD 87.25 million)
Total revenue (2024)
CNY 171.62 million (USD 23.84 million)