China's Ministry for Ecology and Environment released the final rules governing the national emissions trading scheme ("China ETS") in January 2021 to take effect from February 1, 2021. These are the most comprehensive set of rules so far for regulating the China ETS. We have summarized the rules with a comparison with the European Union emissions trading scheme ("EU ETS") to provide a reference point for international investors interested in participating in the China ETS. We have also provided some future considerations for the China ETS based on lessons learnt from the EU ETS as well as some insights on the usage of blockchain and Internet-of-Things technology to support the China ETS.
Visit us at mayerbrown.com
Mayer Brown is a global legal services provider comprising legal practices that are separate entities (the "Mayer Brown Practices"). The Mayer Brown Practices are: Mayer Brown LLP and Mayer Brown Europe - Brussels LLP, both limited liability partnerships established in Illinois USA; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales number OC 303359); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a Hong Kong partnership and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. "Mayer Brown" and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
© Copyright 2020. The Mayer Brown Practices. All rights reserved.
This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.