Introduction of China’s

carbon emission trading

registry Zhang Zhiqiang

National Center for Climate Change Strategy and

International Cooperation (NCSC) of China

Sep 2015

NCSC

Outline

NCSC

•1、Introduction of China’s Voluntary

Emission Registry •自愿减排交易注册登记簿介绍

•2、Introduction of China’s ETS Pilots

Registry •试点登记簿介绍

•3、Challenge

•面临的挑战

1. Introduction of China’s

Voluntary Emission Registry

自愿减排注册登记簿介绍

NCSC

legislative authority 法律基础

《 Interim Management Measures for Voluntary Emission Reduction Trading of Greenhouse gases》(2012.6)

自愿减排交易暂行管理办法

Established the voluntary emission reduction registry system

建立自愿减排交易注册登记系统

《Interim Measures for the administration of carbon emissions right trading》(2014.12)

碳排放权交易管理暂行办法

Established carbon emissions trading registry

建立碳排放权配额登记注册系统

Basic Framework 基本框架

Carbon Emission Registry

• Allowance Trading

• National Carbon emission Market

• Not launched

Voluntary Emission Registry

• CCER Trading • Voluntary

Emission Reduction Market

• Already launched

National Carbon Market

Registry

国家碳交易登记簿

自愿减排登记簿

排放权减登记簿

配额交易 全国碳市场 暂未启动

CCER交易 自愿减排市场 已经启动

The User of Voluntary Emission Registry

自愿减排登记簿用户介绍

Launched in Jan 2015 2015年1月启动

User Included 用户包括

CCER Project Owner， Compliance enterprise in pilots

CCER项目业主，遵约企业

Investor 投资者

Pilots’ Administration 试点管理机构

National Administration

国家管理机构

Main Function of Registry

自愿减排登记簿主要功能 Voluntary emission reduction registry has 2 major

functions

• Account Management 账户管理功能

• CCER Management CCER管理冠能

Account Management

• Account Opening 账户开立

• Account Freezing 账户冻结

• Account Closure 账户关闭

• Representative Creation 账户代表创建

• Information change 相关信息修改

CCER Management

• CCER Issue 签发

• CCER Transfer 转移

• CCER Trading 交易

• CCER Offset 抵消

• Trading support

交易支持

Responsibilities of NCSC

NCSC的主要职责 Assisting the Department of

Climate Change to manage the

system and develop management

process

协助气候司制定相关流程并负责系统运维管理，相关流程包括：

Account opening process,

开户流程

CCER issuance process,

CCER签发流程

Internal management process,

抵消流程

CCER offsetting process

CCER抵消流程

Take on the national level management and operation personnel in the system operation

系统操作中担任国家级的操作人员和最终确认管理员

CCER issuance

CCER签发

Final confirmation of the final confirmation for account opening, account representative creation, information change

账户管理、账户代表管理、信息修改的最终确认

Flow chart 流程图

Trading System 交易系统

Voluntary Cancellation

Account 自愿注销账户

General

Holding

Account

一般持有账户

Pilot Offset Account

试点抵消账户

Account for

CCER owner

项目减排账户

Applicant 开户申请者

Agency 开户代理机

构

NCSC National

Account

国家签发账户

Account opening

CCER issuance

CCER Trading

Retire and offset

Risk Control Measures

内控措施 Full-time staff responsible 专人负责，定岗定责 Double Check (Four-eyes) 双重验证 Material Accordance 电子、纸质、系统提交资料一致 Multiple ways to verify the material 多种途径验证资料

Individual ID verified 公民身份验证系统 Enterprise Verified 工商、质检验证企业系统

File storage and management 档案妥善管理和保存

2. Introduction of China’s ETS

Pilots Registry

试点注册登记系统介绍

NCSC

Seven Pilots

七个试点均建立各自的登记系统

BEI

JING

TIAN

JIN

CHONG

QING

SHANG

HAI

GUANG

DONG

HU

BEI

SHENZ

HEN

•Seven Registry 7试点均建立各自的注册登记系统 •Independent 7个系统相互独立 •Separated 7个系统互不链接

Design and Management Rules In Common

试点登记簿相同点

Legislative Authority: It is determined by legislation in

seven pilots

通过相关法规确定登记簿的法律地位

Basic Function: Allowance Creation, allocation,

transfer, surrender…

基本功能相似，包括配额创建、分配、转移、上缴等

Management Structure: the government and enterprises

二级管理体系：试点政府和企业

Technical standard

技术标准不同

Serial number

碳单位序列号：有些试点没有给碳单位编号，且试点之间编号的规则，长度各

异

Des

DES标准：有些试点数据接口标准采用DES标准，有些没有

System Structure

系统结构不同

Accounting model

账户结构不同

Management system

政府管理体系差异

Government

Authorized institution & Agency

Information Center

Exchanges

Other institutions

部分试点登记簿由政府直接管理 部分试点依托于信息中心、交易所或者其他支撑单位管理登记簿

Relationship with other system

系统对接方面 Connection with other systems

Trading system

Emissions Reporting System

有些试点登记簿只和交易系统对接，部分试点登记簿和交易系统、报送系统的对接

Data Exchange Standard

Registry system dominated

Trading System dominated

和交易系统接口规范不同，有些试点是交易系统给登记系统发指

令，有些试点是登记系统给交易系统发指令

3. Challenge 面临的挑战

Rules 规则不够明确 Clear National policy 国家政策不够清晰

Pilots Markets transformation to National Market

试点和国家的对接不够明确

Capacity building and Awareness

能力和意识建设

Communication and coordination 沟通与协调 Different Regions 不同地区之间的协调

Different kinds of Users 不同用户之间的协调

System Security 系统安全

NCSC