Discover and read the best of Twitter Threads about #CNETS

Most recents (2)

⚠️First year of operation will not be smooth, but China's new national Carbon market is facing many more obstacles in run-up to looming compliance deadline.

'Free borrowing' practice and 'Unclear tax rules' could hamper the market #OCTT

Thread 🧵
What is Free Borrowing?

Ahead of looming Compliance deadline on 31 Dec, provincial Ecology and Environment authority is under pressure to ensure enterprises to surrender enough allowances in time.
However, allocation for 2019-2020 has not finalized
In addition, only some of the covered 2162 enterprises have got their trading accounts (or some do not want to trade either)

Shandong province reportedly issued notice to allow 'ETS entities borrowing allowances from each other, and pay back in 2022'
Read 12 tweets
On 24 October, China released Top-level design document in the '1+N' Carbon Peak and Neutrality policy framework.

On the eve of #COP26, and 1 year after China announced 2060 carbon neutral pledge, the implications of this landmark doc are HUGE:

🧵thread:
This doc is released by the Communist Party of China and General Office of the State Council:
gov.cn/zhengce/2021-1…

It is dated 22 September, and titled 'Opinions on Completely, Accurately and Comprehensively Implementing Carbon Peak and Carbon Neutrality'
This official policy document (the Opinions as above) is the 'top-level design' in China's '1+N' policy framework, i.e. the 1⃣

The N will be gradually released, consisting of Carbon peak action plan and detailed sectoral roadmaps

Read 19 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!