China says carbon trading scheme will cover 2,267 power plants in phase one

Most Read China says carbon trading scheme will cover 2,267 power plants in phase one SHANGHAI, Nov 21 (Reuters) – China’s long-awaited nationwide emissions trading scheme (ETS) will cover a total of 2,267 power plants in its first phase, according to government consultation papers. Coal- and gas-fired power plants with annual of at least 26,000 tonnes are included in the first phase of the scheme, according to documents for public feedback by the Ministry of Ecology and Environment (MEE) released on Friday. Under the scheme, firms are given allowances free of charge based on historical emissions, and have to buy…