CHI GVT Carbon Emissions Trading

On Feb. 4, CHI GVT issued interim rules on carbon emissions trading.

  • CHI GVT issued Interim regulations on the administration of carbon emissions trading.
  • Follows CHI GVT Jul. 2021 launched carbon emissions trading market, see #111330.
  • Interim Regulations
  • The Ecological Environment Department of the State Council shall be responsible for the supervision and management of carbon emissions trading and related activities.
  • Defines legal status of national carbon emission rights registration/trading institutions.
  • Clarify coverage of carbon emission rights trading, trading products, entities, methods.
  • Explains determination of key emission units, allocation of carbon emission quotas, preparing annual greenhouse gas emission reports, carbon emission quota settlement.
  • Strengthen the management of technical service agencies, supervision and inspection.
  • Effectiveness
  • The interim regulations will be effective from May 1, 2024.

Regulators CHI GVT
Entity Types Corp
Reference RN State Council No. 775 (2024), PR, 2/4/2024; ESG
Functions Compliance; Environment; Financial; Legal; Product Administration; Registration/Licensing; Reporting; Settlement; Treasury
Countries China
Products Clearing; Commodities; Corporate
Regions AP
Rule Type Final
Rule Date 2/4/2024
Effective Date 5/1/2024
Rule Id 200126
Linked to Rule :111330
Reg. Last Update 2/4/2024
Report Section International

Last substantive update on 02/07/2024