China Plans Tiered Discounting for Carry-over of Pilot CO2 Units to Natl ETS

22 April 2016 – According to Mr. Jiang Zhaoli, the Deputy Director General of DCC, NDRC, those allowances in the pilot markets that are either over-allocated or carry a low price will be discounted in the national carbon market. However Mr. Jiang did not give further details on the formula that would decide how much each permit would be discounted, or elaborate on how big a role price levels would play.

Source: http://carbon-pulse.com/18710/