China Carbon Market Innovation and Megalopolis Development Forum is held in Wuhan, Hubei on 9th, April

9 April 2015 – On the Forum, Chief of Division of National Policy and Compliance of DCC, NDRC, Mr. Jiang Zhaoli stated that a nationwide carbon market is to be established in 2016. There will be 10 Exchanges in the nationwide market, 7 of them are already established in pilot ETSs, and three more are to be established. A new market of about 100 billion CNY is about to open. Even though the influence of policy is strong in this market, there will be a trend of financialization. It is very important to formulate allocation mechanisms and modes. Hubei may become the center of carbon finance in China.