23 October 2017 – The European Energy Exchange (EEX) and China Beijing Environment Exchange (CBEEX) have established a strategic partnership for the joint development of the Chinese carbon market. These leading European and Chinese bourses signed a Memorandum of Understanding (MoU), which sets out evaluations on market access facilitation for international companies, as well as on the economic potential of a broad range of trading instruments and services. Euro-denominated carbon derivatives for the Chinese market that facilitate a link between the two major emissions markets will potentially be developed.
China is due to launch its national ETS by the end of 2017, which will become the largest carbon market worldwide in terms of covered emissions. The strategic partnership between EEX and CBEEX will support building a liquid and well-functioning exchange market for emission allowances in China, a key factor for its success.