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Shanghai ETS expands to cover shipping

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In February 2016, the Shanghai Development and Reform Commission (SH DRC) published an updated list of participants (Chinese) for its pilot ETS. A lower threshold for the industry sector and the inclusion of local shipping from 2016 onwards significantly increase the number of participants in the system, from 191 entities in the first three years of operation to 312 in 2016. The majority of new participants are from the industry sector (156 out of 171 new participants), which is now subject to a threshold of 10,000 tCO2e per year, compared to 20,000 tCO2e per year in previous years. While ports were already covered from the start of the pilot ETS, local shipping will be included from 2016 onwards. Correspondingly, the SH DRC also published an interim guideline for monitoring and reporting of GHG emissions from the shipping industry (Chinese).

Shanghai became the second Chinese pilot after Beijing to officially confirm the extension of its ETS for the year 2016.

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