Guandong DRC Publishes ETS Allowance Allocation Plan for 2016

9 July 2016 – On 8 July, the Guangdong DRC published their allowance allocation implementation plan (external link to PDF), it includes the allowances cap of 386 million tonnes of CO2 for the four industries: power, chemical industry, cement and iron&steel. Roughly 5% of allowances will be allocated by auction. The allocation methods are same as last year. For the newly involved sectors such as aviation, the detailed allowances amount and allocation methods will be issued soon.