NDRC Released Interim Procedures for Carbon Emission Rights Trading Management

The NDRC released Interim Procedures for Carbon Emission Rights Trading Management on December 10, which is a major framework that identifies the main ideas and management systems in national carbon market. Detailed rules for operation need further improvement. According to the plan of NDRC, the year 2015 will be the preparation phase right after the Procedures releasing in 2014. The national carbon market will be activated and improved by 2016-2020 on schedule.