02 November 2015 – The Hubei Development and Reform Commission (DRC) announced related “market intervention mechanism (trial)” for its local ETS pilot. According to the regulation, an expert panel which is led by Hubei DRC will make a decision to supply or buy back allowances, when the market price is too high/low or the market liquidity is too weak. Hubei Emission Exchange will be the operator of such transactions. However, the announcement doesn’t state any detailed rules, such as the prices for additional supply or allowances that are bought back.
Additionally, the above mentioned allowances can’t be banked for next years.