Interim Regulations on Carbon Emissions Trading Management Announced
According to Xinhua News Agency, Premier Li Qiang recently signed State Council Order No. 775, announcing the "Interim Regulations on the Management of Carbon Emissions Trading", which clarified the carbon emissions market trading system in the form of administrative regulations for the first time and is an important step in the construction of my country's carbon emissions trading market. a landmark document.
Article 32 of the "Regulations" clearly states that the ecological environment administrative department of the State Council, together with the civil aviation and other administrative departments of the State Council, may, in accordance with the principles stipulated in these Regulations, based on actual needs and in combination with the characteristics of greenhouse gas emission control in civil aviation and other industries, regulate civil aviation and other industries. Develop specific management measures for the establishment of a list of key emission units, the issuance and settlement of carbon emission quotas, the statistical accounting of greenhouse gas emission data, and the submission and verification of annual emission reports.
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The regulations will come into effect on May 1, 2024.