The European emissions trading system started back in 2005, but the establishment of comparable systems in other countries is important for achieving global climate targets. China plays a central role in this: According to the IEA, Chinese power plants accounted for more than half of coal-fired power plant emissions in 2021. In the medium term, the EU border adjustment mechanism (CBAM) is expected to make emissions more expensive worldwide – time for a look at the status of the Chinese ETS.
