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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 (Grandparenting; Benchmarking) and Auctioning
Offsets and credits
Domestic (national)
Cap
~5,000 MtCO2 (2021 and 2022)
GHGs covered
CO2
Average secondary market price
CNY 68.35 (USD 9.65)