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

Sovereign Project | 52015-001

Project Name
Improving the Design of the National Carbon Emissions Trading System
Project Number
52015-001
Country / Economy
  • China, People's Republic of
Project Status
Closed
Project Type / Modality of Assistance
  • Technical Assistance
Source of Funding / Amount
TA 9574-PRC: Improving the Design of the National Carbon Emissions Trading System
Source Amount
Climate Change Fund US$ 750,000.00
Strategic Agendas
  • Inclusive economic growth
Drivers of Change
  • Governance and capacity development
  • Knowledge solutions
  • Partnerships
Sector / Subsector
  • Public sector management / Public administration

Gender
No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

The People's Republic of China's national emissions trading system (ETS) functioning and operational.

Project Outcome

Description of Outcome

National ETS policies on allowance management and market oversight improved

Progress Toward Outcome
This will be assessed at project completion.

Implementation Progress

Description of Project Outputs

Policy recommendations on allowance management and market oversight measures of the national ETS developed

National capacity in ETS management enhanced

Status of Implementation Progress (Outputs, Activities, and Issues)
Final consultants report is underway. Draft methodology to calculate carbon credits completed.
Geographical Location
Nation-wide

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation, and Consultation

During Project Design
The proposed TA has been identified, conceptualized, and prepared through direct discussions with the Ministry of Ecology and Environment.
During Project Implementation
Close coordination with the Department of Climate Change of the PRC's Ministry of Ecology and Environment to ensure delivery of the project's outputs.

Business Opportunities

Consulting Services

The TA will need 56 person-months of consulting services from (i) a senior international carbon market specialist as team leader and carbon market specialist (12 person-months); and (ii) a senior national carbon market specialist as deputy team leader, a carbon market specialist for allowance auction, a carbon market specialist for credit validity, a carbon market specialist for market oversight, a securities market specialist, and a project coordinator (44 person-months). ADB will engage the consultants through individual selection to secure the best international and national experts in different aspects of ETS development, following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.

ADB will implement the TA from 1 October 2018 to 30 September 2020. The consultants will need to submit timely TA deliverables, which are included in the terms of reference for consultants.

Contact

Responsible ADB Officer
Bano, Alfredo
Responsible ADB Department
East Asia Department
Responsible ADB Division
EASI, East Asia Department
Executing Agencies
Ministry of Ecology and Environment former "Ministry of Environmental Protection"

Timetable

Concept Clearance
25 Apr 2018
Fact Finding
19 Jun 2018 to 29 Jun 2018
MRM
-
Approval
27 Aug 2018
Last Review Mission
-
Last PDS Update
30 Sep 2022

Funding

TA 9574-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
27 Aug 2018 29 Sep 2018 29 Sep 2018 30 Sep 2020 30 Sep 2022 30 Mar 2023
Financing Plan/TA Utilization
ADB Cofinancing Counterpart Total
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 0.00 0.00 0.00 0.00 750,000.00
Cumulative Disbursements
Date Amount
26 Sep 2023 482,774.03

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.


Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

Title Document Type Document Date
People's Republic of China: Improving the Design of the National Carbon Emissions Trading System Validation of Technical Assistance Completion Reports Mar 2024

Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders


Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.