27 March 2018 – China recently announced that the Climate Change Office will be moved away from the National Development and Reform Commission (NDRC) to a newly created Ministry of Ecology and Environment (MEE). Xie Zhenhua, China’s special representative on climate issues, stated on the Green Carbon Development Summit on the 24th of March that despite this reshuffle, China will stick to the planned launch of the ETS and will expand its scope in the future. The former Ministry of Environmental Protection, which will be the basis for the new MEE, had preferred a carbon tax in the past.
In Addition, China has already reached its 2009 Copenhagen target by reducing the carbon intensity of its economy by 46% compared to 2005 levels, according to an announcement Li Gao, the Director of the Climate Change Department of NDRC, made during the China Development Forum on the 26th of March. China had pledged to reduce the carbon intensity of its economy by 40-45% until 2020, further extending that goal in Paris to 60-65% until 2030.