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The Ministry of Ecology and Environment, in its first formal publication on the subject of the Chinese emissions trading scheme since taking over the responsibility for its development from the National Development and Reform Commission, published draft ‘Interim Regulations’ in April 2019 setting out the overarching legislative framework proposed for the scheme. Whilst this publication is very welcome and long-overdue, its sparsity highlights how much work still remains to be carried out and publicised before…
The ICAO CORSIA initiative has commenced monitoring, reporting and verification obligations imposed on aircraft operators with effect from 1 January 2019. Data collected will form the baseline to determine subsequent offsetting requirements. Aircraft operators attributed to a country likely to be participating in the voluntary compliance phase from 2021 to 2023 should also take note of the various deadlines for compliance and monitor for updates from the ICAO Council on the offset credits that would…