Mr Liu Xiaohong: Guangdong ETS has first mover advantage

08 September 2015 – On the way towards to the establishment of a national ETS, Guangdong and other ETS pilots are facing challenges. However, Mr Liu Xiaohong, the chairman of China Guangdong Emission Exchange, stated that in views of the projected outlook of the national ETS, a combination with free allocation (“grandfathering”) and auction will probably be used to set a cap, and Guangdong ETS is the first pilot that is exploring the mechanism of auction in China, which gives Guangdong ETS the first mover advantage.