By Paul Davies and R. Andrew Westgate
This document is a translation of the recently released Tentative Measures for the Administration of Trading of Carbon Emissions Rights promulgated by the National Reform and Development Commission (“NDRC”) on December 10, 2014. As discussed in a recent article by Latham & Watkins partner Paul Davies, this development represents the first details the NDRC has provided on how the national carbon market in China, currently the world’s second largest consumer of energy, will work. This translation was prepared for clients of Latham & Watkins for informational purposes only, and should not be relied upon as an official translation or interpretation of Chinese law.
This article was originally published by China Law & Practice and can be found here.
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