Shanghai expands its local ETS pilots by lowering the coverage threshold and adding local shipping sector

22 February 2016 – Shanghai DRC announced the new scope and coverage for its local ETS pilot, according to the new rules; the coverage threshold has been lowered from 20,000 to 10,000 tonnes of CO2e per year  and local ship traffic will be included as well. Starting from 2015, Shanghai’s ETS pilot will include 309 companies, compared to around 190 firms during the first three years.