The emissions trading scheme initially applies only to the energy generation sector, which accounts for 46 percent of the country's CO2 emissions. Later,
the system will also include other sectors (petrochemicals, chemicals, construction materials, steel, metals, papermaking and aviation), totaling 6,000 companies.
For companies in these industries, participation in the new trading system will be mandatory. In case of the companies exceeding their specific reduction goals, the thereby acquired greenhouse gas certificates can be traded in the new ETS. Should the goals not be met, certificates need to be bought until goal achievement is reached. Companies from unpledged sectors can also realize greenhouse gas reduction projects and sell the thereby generated greenhouse gas certificates in the new trading system.
Faktor-Plus is present in China and continuously explores the opportunities and risks arising from the new trading system. Together with its clients, Faktor-Plus realizes greenhouse gas reduction projects, generates greenhouse gas certificates from these and trades them in the new ETS.