The overall objective of this project is to enhance cooperation with China on climate change by establishing a regular political dialogue on emission trading and continuing to support China in building a nation-wide emission trading system that contributes to reduce its emissions.
To this end, the project pursues two more specific objectives:
The first one is to establish and then reinforce a political dialogue between China and the EU on the development of emission trading in both constituencies. This is meant to increase the mutual understanding of relevant developments affecting the effectiveness and efficiency of emission trading systems in the EU and China. Further activities, such as the set-up of an emission trading network and the joint research activities between EU and Chinese ETS experts shall provide further support for the development of the CN ETS through a mechanism designed to keep improving knowledge sharing elements of the project by an effective exchange of information and experience among Chinese emission trading practitioners as well as tailor-made input for the solution of specific challenges and problems that may arise from or appear after the roll-out of the CN ETS.
The second objective is to support China in building its national emission trading system. Taking into account experience gathered in previous projects, a possibility of using train-the-trainer approach is considered the most promising in terms of maximising the possible effects of the project. Large-scale screen-based courses to make industrial representatives familiar with day-to-day tasks under an emission trading system are complementing the train-the-trainer approach. Due to strong efforts currently undertaken by the Chinese authorities and the uncertainties involved in the roll-out of the CN ETS, flexibility in terms of project output is indispensable to ensure an efficient use of resources of the project. Therefore, a specific mechanism has been designed to react to unforeseen developments and respond to needs that cannot be foreseen and identified at this stage.