The final rules governing China’s national emissions trading scheme (China ETS) took effect on February 1, 2021. In a recent Legal Update, we provide a reference point for international investors interested in participating in the China ETS by summarizing the final rules and comparing the China ETS with a scheme that may be more familiar to those outside of Asia, the European Union emissions trading scheme (EU ETS). We also provide future considerations for the China ETS based on lessons learned from the EU ETS, as well as insights on the potential usage of blockchain and Internet-of-Things technology to support the China ETS as this new scheme develops.

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