A carbon price is a cost applied to greenhouse gas emissions in order to encourage polluters to reduce the amount they emit into the atmosphere. It is widely acknowledged that introducing a carbon price is one of the most important ways for countries to reduce their emissions.
This programme is supporting the nationwide expansion of carbon pricing in China. It builds on a first phase investment, which supported the successful implementation of seven regional carbon market pilots to provide national policymakers with the confidence, data and evidence to roll out an emissions trading scheme at the national level.
- enhancing the measurement, reporting and verification (MRV) of emissions
- strengthening the participation of businesses
- facilitating working groups for industry to feed into the implementation process