Opportunity under Emission Trading Scheme (ETS) in China

Climate Mitigation

Launched in 2021, China’s Emission Trading Scheme (ETS) marks a pivotal move in cutting the nation’s carbon emissions. The scheme distributes emission allowances based on the power plants’ generation output, with benchmark criteria that vary by fuel type and technology. It also enables companies to trade these allowances, granting them the right to emit a specific amount of carbon dioxide.
As of 2024, our Combined Heat and Power (CHP) Plants in China (Tangshan Banpu Heat and Power Co., Ltd., Shijiazhuang Chengfeng Cogen Co., Ltd., and Zouping Peak CHP Co., Ltd.) have emitted less GHG than their allocated allowances. This surplus allows them to sell a total of 292,047 CEAs (Chinese Emission Allowances) in 2024, generating approximately USD 3.86 million in revenue.

Location

China

Project Duration

2021-Present

Impact to the Company

• Earned USD 3.86 million in 2024

Impact on Natural Capital

• Reduced 292,047 tonnes CO2

Impacts​
million USD in 2024
Earned
tonnes CO2e
Reduced CO2e

Feedback