The 5th monthly meeting of Joint Research 2: research on improvement of rules on carbon market oversight and management under the Project was held online on 15th December 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 Chinese and European experts updated the progress of both sides, discussed the outline of final reports and the scope of work in the extension phase of the project.