The third monthly meeting of Joint Research 2: research on improvement of rules on carbon market oversight and management under the Project was held online on 19th October 2023. The designated Chinese and European experts from National Center for Climate Change Strategy and International Cooperation (NCSC), Shanghai Environment and Energy Exchange, Ecologic Institute and Tsinghua University joined the meeting.

Joint Research 2 was conducted to review and build upon the current status and requirements of carbon emission trading rules of China’s national ETS, focusing on the potential risks and improvement of trading methods and trading supervision, with the pragmatic recommendations on trading management rules amendment through comprehensive analysis.

The experts discussed the progress of the research and proposed three different solutions that could be considered for policy recommendations, as well as analysing the advantages and disadvantages of all the options.