Image
![shenzhen_darmau-lee-lomvya_ruoy-unsplash shenzhen_darmau-lee-lomvya_ruoy-unsplash](/system/files/styles/adelphi_icap_header_hero_xs_1x/private/image/shenzhen_darmau-lee-lomvya_ruoy-unsplash.jpg?h=bce8c13e&itok=28gMhhxU)
Copyright
© Darmau Lee Lomvya Ruoy / Unsplash
Official name of scheme
China - Shenzhen pilot ETS
ETS Status
in force
Jurisdictions
Shenzhen
Start of operation (year)
2013
Sectoral coverage
Transport
Buildings
Industry
Allocation
Free allocation (Grandparenting; Benchmarking) and Auctioning
Offsets and credits
Domestic (national and provincial)
Cap
28 MtCO2 (2023)
GHGs covered
CO2 only
Average secondary market price (2023)
CNY 46.37 (USD 6.55)
Total revenue since beginning
~CNY 27.9 million (USD 3.9 million)