People's Republic of China: Improving the Design of the National Carbon Emissions Trading System

Evaluation Document | 21 March 2024

The objective of the technical assistance (TA) is to support the People’s Republic of China (PRC) to improve the design of its national carbon emissions trading system (ETS) to function effectively and efficiently. The national ETS was expected to operate as a cost-effective market mechanism to support the achievement of the PRC’s climate change mitigation targets. The TA was designed to support the Ministry of Ecology and Environment (MEE) in formulating responsive carbon pricing measures and prudent market oversight measures which will help the national ETS function more effectively and efficiently.

This report validates the completion report's assessment of the TA.

IED's overall assessment is successful.