Economy
September 23, 2021
CRU: China’s New ETS a ‘Sleeping Giant’
Written by John Johnson
By CRU China CEO John Johnson from CRU’s Steelmaking Raw Materials Monitor
In this Insight we examine China’s new Emission Trading System (ETS). We look at progress so far and consider its future potential. We do this by making comparisons with Europe’s ETS and consider the CO2 price necessary to impact investment decisions in China’s power and steel industries to bring about significant carbon reductions over the long run. Ultimately, China’s ETS is likely to be extremely influential, having the potential to become one of the biggest drivers of carbon reduction globally.
