BUSINESS PARTNERSHIP FOR MARKET READINESS
The B-PMR held a Dialogue with Chinese state-owned firms in Beijing on December 13, 2016 to help share lessons learned on emissions trading participation and market readiness.
Held in partnership with our Chinese partner, CECEP, the Dialogue brought together +20 IETA member companies and +125 state-owned firms who will participate in China’s national emissions trading system (ETS) from 2017 onwards.
At the start of the Dialogue, Mr. Jiang Zhaoli-Deputy Director of the Climate Change Department at the National Development and Reform Commission (NDRC) offered the following remarks:
Mr. Jiang was very supportive of IETA and CECEP’s efforts to hold the B-PMR Dialogue and encouraged more cooperation for 2017.
The first half of the day was dedicated to experience sharing from IETA member companies on ETS compliance and trading strategies. The second part of the day was dedicated to an ETS trading simulation facilitated by BP Trading.
Moderator: Mr. Jeff Swartz, Managing Director, IETABest practice sharing on carbon trading experiences:
During the pilot period, Zhixin has facilitated the State Grid in participating into the national ETS in mainly 6 aspects:
1. Build substantial GHG emission data base and research on establishing MRV system or carbon emission;
Covered entity needs profound management system and comprehensive guarantee mechanism to meet its emission reduction target, that including organizational structure, internal MRV mechanism, carbon asset development and trading approach, cost assessment and identification mechanism for emission reduction technologies, team building, IT support, etc.
3.Capacity building to carbon asset management