Sino-German Cooperation on Emissions Trading Systems, Carbon Market Mechanisms, and Non-CO2 GHG Mitigation

China has set itself the targets of peaking CO2 emissions before 2030 and achiev-ing carbon neutrality by 2060. To meet these targets in a cost-efficient manner, China is gradually shifting its climate policies towards market-based approaches. The most prominent example is the national emissions trading system (ETS) that has become operational in 2021. The project is primarily aimed at political decision-makers at the national level and their supporting organisations. The project supports them in the areas of strengthening the national ETS and developing effective measures to control and reduce non-CO2 GHG emissions through technical exchange and international best practice.