National Standards for Allowances Allocation Have Been Finalized and Will Be Extended to the Country-Level

08 December 2016 – According to the Beijing Environment Exchange, as the national carbon market fast approaches, national standards for allowances allocation have now been finalized. Mr. Jiang Zhaoli, Deputy Director of the Department of Climate Change at the NDRC recently stated that, the national carbon market allowances allocation will mainly be based on the benchmarking method, meaning that if carbon emissions of an enterprise are above the benchmarks.