09 September 2015 – China’s carbon emissions are projected to reach the tipping point by 2030, besides, carbon prices will increase in the future. Right now, the trading volumes of 7 ETS pilots in China are rather sluggish, compared with that of developed carbon markets in western countries. Furthermore, a trend of continously decreasing carbon prices has started. This phenomenon is largely due to over allocation. Because of the decreasing carbon prices, the carbon emission market cannot push corporates and companies to do mitigations effectively. For the next 5 to 10 years, Enterprise Transformation faces challenges and opportunities, it is essential to set up a national carbon market which can supervise corporates to progress towards to a low carbon economy.
Source: www.chinacarbon.info (English)