1 November 2019 – The Guangdong Department of Ecology and Environment issued the “Guangdong Allowance Allocation Plan for 2019”. 242 enterprises are covered by the regional ETS (down from 249 enterprises in 2018). The total amount of allowances is 465 million tons of CO2 in 2019, more than the 422 million tons in 2018. 438 million tons of CO2 are going to be allocated for free, while 27 million will be put into a reserve. Rules for the use of offsets (CCER and PHCER), including the maximum amount and eligibility criteria will be issued later.
The allocation methods and free allocation percentage remain unchanged and are based on benchmarks, historical emissions intensity and historical emissions. The power generation enterprises receive 95% of their total emissions as free allocation; For iron and steel, petrol chemical, cement, paper making and aviation it is 97%.