The final monthly meeting of Joint Research 2: research on improvement of rules on carbon market oversight and management under the Project was held online on 18 April 2024. 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.

After almost a year of joint research, experts from China and Europe reached preliminary agreements on the final draft of the report and exchanged key policy recommendations at the meeting. The next step will be to further finalise the research report and submit it to the Ministry of Ecology and Environment for reference.