The 2017 China Carbon Pricing Survey

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You have been selected as an expert or participant in China’s carbon market to share your valuable insights in the 2017 China Carbon Pricing Survey.

Important: Please complete the survey in its entirety once you have begun, to the best of your knowledge. The survey should take no more than 15 minutes to complete. Please ensure any VPN’s are turned off, so as to improve response speed.

Should you wish to view the questions ahead of completing the survey, you can download the full set of survey questions here.

The survey is implemented by SinoCarbon, Tsinghua University China Carbon Market Center, ICF, and the Dutch Emissions Authority, coordinated by China Carbon Forum (CCF). The project has received endorsement from the NDRC Climate Change Department.

The 2017 China Carbon Pricing Survey Report will provide a channel for China’s carbon market stakeholders to gain quantitative insights in order to support domestic policy, design and implementation, increase the level of transparency and confidence in the National ETS, and motivate entity-level investment decisions in China’s carbon market.

The survey results and accompanying report will be published this summer. Your responses will remain anonymous.

If you have any questions, please contact us at: forum@chinacarbon.info.

Thank you,

The 2017 China Carbon Pricing Survey Project Team

* This project is co-funded by The Royal Norwegian Embassy in Beijing, and the Dutch Ministry of Infrastructure and Environment (IenM), with in-kind contributions from the implementing partners.

Section 1: Respondents’ background

This first part of the survey aims to identify respondents’ profile.

Q1-1: Where is your organization located? * (Required, Multiple choice)

In mainland China
Outside of mainland China

Choose your province * (Required, Multiple choice)

Choose your region * (Required, Multiple choice)

Q1-2: How would you classify your organization? * (Required, Multiple choice)

Company covered, or to be covered, by ETS
Company not covered by ETS
Industry sectoral association
China national government
China local government
Academia
Government research institute
Emissions trading exchange
Financial sector
Consultancy
Legal services
NGO
Multilateral or bilateral development organization
Foreign government or embassy
Other

Q1-3: Will your company operate under the national ETS? * (Required, Multiple choice)

Yes
No
Don't know

Please specify the sector(s): * (Required, Checkboxes)

Petrochemicals (incl. crude oil processing, ethylene)
Chemicals (incl. calcium carbide, ammonia synthesis, methanol)
Building materials (incl. cement, ceramics, clinker, plate glass)
Iron & Steel
Non-ferrous metals
Pulp and paper
Electricity generation
Aviation

Q1-4: Is your company currently operating under an emissions trading * (Required, Multiple choice)

Which of the following? * (Required, Checkboxes)

Choose one or more.

Beijing
Shanghai
Tianjin
Hubei
Guangdong
Chongqing
Shenzhen

Please specify the sector(s): * (Required, Checkboxes)

Petrochemicals (incl. crude oil processing, ethylene)
Chemicals (incl. calcium carbide, ammonia synthesis, methanol)
Building materials (incl. cement, ceramics, clinker, plate glass)
Iron & Steel
Non-ferrous metals
Pulp and paper
Electricity generation
Aviation
Automotive
Oil & gas extraction
Textile
Transportation
Buildings (e.g., residential, Gov. Buildings)
Other (such as manufacturing, services, etc.), please specify

Q1-5: Please specify the enterprise type * (Required, Multiple choice)

Central Government-led State Owned
Local Government-led State Owned
Private
Foreign investment
Joint venture
Other

Q1-6: How much energy does your company annually consume in China? * (Required, Multiple choice)

Note: under one legal entity

Less than 5,000 tce/year
5,000 ~ 10,000 tce/year
10,000 ~ 100,000 tce/year
100,000 ~ 1,000,000 tce/year
More than 1,000,000 tce/year

Q1-7: Is your organization currently operating under an emissions trading system outside of China? * (Required, Multiple choice)

If yes, where? * (Required, Checkboxes)

Choose one or more.

EU ETS
California
Quebec
Alberta
South Korea
New Zealand
Kazakhstan
RGGI
Other, please specify

Q1-8: In the management structure of your company, what position do you hold? * (Required, Multiple choice)

Junior staff
Mid-level manager
Senior executive
Other, please specify

Section 2: Current capacity and level of readiness

This section aims to understand the current capacity and the level of readiness of companies to take part in an emissions trading system.

Q2-1: Do you think that your company is prepared to perform tasks under an ETS in the following areas? * (Required, Multiple choice)

Choose one option for each aspect.

	Not at all	Yes, marginally	Yes, moderately	Yes, strongly	Don’t know
Monitoring and reporting emissions
Allocation data collection
Administrating allowances
Carbon trading

Q2-2: In which areas do you need to receive further training? * (Required, Checkboxes, maximum 3 choices.)

Choose up to 3 areas you would like to receive trainings before the national ETS starts.

Key features of emission trading and carbon markets
Monitoring and reporting greenhouse gas emissions
Verification and accreditation
Corporate level organization and compliance strategy
Use of ETS registry
Data collection for allocation
Legal framework/regulations
Carbon finance
Development and use of CCERs

Q2-3: Has your company assigned a dedicated person (internal or external) or formed a dedicated team to handle your ETS obligations? * (Required, Multiple choice)

How many people are in the team? * (Required)

What is your team’s organizational form? * (Required, Multiple choice)

Independent company
Department
Decision making team from different departments

What are the competencies of the person(s) you have assigned to handle the ETS obligations? * (Required, Checkboxes)

Choose one or more.

Financial
Process engineer
Management
Other

Q2-4: Has your company participated in training(s) on ETS? * (Required, Multiple choice)

Which department/level represented your company in the training(s)? * (Required)

From which agency did your company receive training? * (Required)

Q2-5: Has your company formulated a compliance strategy for ETS in China? * (Required, Multiple choice)

Summarise the strategy here

(Optional)

Q2-6: Does the transition from pilot to national ETS require some adjustment to your strategy and/or organizational structure? * (Required, Multiple choice)

If so, how?

(Optional)

Q2-7: Does your company have an emissions reduction target? * (Required, Multiple choice)

Q2-8: Has your company undertaken internal distribution of allowances between subsidiary companies? * (Required, Multiple choice)

Yes, intra-company exchange of allowances via a trading desk
Yes, re-allocation of allowances by headquarters
No
Don’t know

Q2-9: Do you have an internal shadow carbon price? * (Required, Multiple choice)

Note: a shadow price is an assumed future price of carbon emissions, which is factored into investment and operational decisions.

What value is it?

Q2-10: Have you conducted internal monitoring and reporting of your company’s GHG emissions ahead of the start of China ETS pilots? * (Required, Multiple choice)

What type of problems were encountered?

(Optional)

Q2-11: What other preparations are needed in order to be ready for participation in the ETS?

(Optional)

Section 3: Impacts of the emissions trading systems on investment decisions

This section seeks to understand the impacts of the emissions trading systems on investment decisions.

Q3-1: Do you expect the ETS in China to affect investment decisions in 2017? In 2020? In 2025? * (Required, Multiple choice)

	No	Yes, marginally	Yes, moderately	Yes, strongly	Don’t know
2017
2020
2025

Explanation for answer:

(Optional)

Q3-1: Do you expect the ETS in China to affect your company's investment decisions by 2017? In 2020? In 2025? * (Required, Multiple choice)

	No	Yes, marginally	Yes, moderately	Yes, strongly	Don’t know
2017
2020
2025

Explanation for answer:

(Optional)

Q3-2: What type of actions are you planning to be compliant? * (Required, Checkboxes)

Choose one or more.

Trade allowances in the market
Use Offsets (CCERs)
Implementing energy-efficiency measures

Others, please specify

(Optional)

Q3-3: Which do you expect to be the most important policies in motivating companies to reduce GHG emissions in China at different points in time?

Please select up to 3 options for the years 2017, 2020, and 2025.

2017 * (Required, Checkboxes, maximum 3 choices.)

ETS	Subsidies for energy conservation
Feed-in tariffs for renewable energy	Mandatory closure of inefficient facilities
Environmental tax	Environmental information disclosure
Energy allowances trading

2020 * (Required, Checkboxes, maximum 3 choices.)

ETS	Subsidies for energy conservation
Feed-in tariffs for renewable energy	Mandatory closure of inefficient facilities
Environmental tax	Environmental information disclosure
Energy allowances trading

2025 * (Required, Checkboxes, maximum 3 choices.)

ETS	Subsidies for energy conservation
Feed-in tariffs for renewable energy	Mandatory closure of inefficient facilities
Environmental tax	Environmental information disclosure
Energy allowances trading

Others, please specify

(Optional)

Section 4: Prices in the pilot systems

This section covers questions about current carbon price levels and price expectations in the pilots.

Q4-1: How do the current prices in ETS pilots compare with your expectations? * (Required, Multiple choice)

Actual prices are higher than what I expected
Actual prices are similar to what I expected
Actual prices are lower than what I expected
Don’t know

Q4-2: In your opinion, what are the main factors influencing prices in the ETS pilots? * (Required, Checkboxes)

Select one or more.

Cap setting and free allocation
Compliance period
Economic growth rate
Information transparency
Government regulation and intervention
Don’t know
Other, please specify

Section 5: The national ETS

This section covers questions about expectations on design and price in the future national ETS.

Q5-1: Regarding the national ETS, what do you expect the intensity of trading will be during the first compliance cycle? * (Required, Multiple choice)

Trading will be:

Active
Moderately active
Inactive
Don’t know

Q5-2: By when do you expect China national ETS to be fully functional? * (Required, Multiple choice)

i.e. all key building blocks in place, including: legislation/law, cap and allocation management, complete MRVA system, registry, trading platforms, market oversight, etc.

2017
2018-2020
2021-2025
Later than 2025
Never
Don’t know

Q5-3: What legal basis do you think is necessary for the start of the national ETS in order to ensure compliance? * (Required, Multiple choice)

National Law by the National People's Congress
National Regulation by State Council
National Regulation at Ministry level
Ministry Notice
Don’t know

Q5-4: Do you think a rules-based flexibility mechanism, such as a stability reserve to keep prices from fluctuating too much, is necessary? * (Required, Multiple choice)

Yes
No
Don't know

Explain your answer:

(Optional)

Q5-5: Do you think a New Entrants Reserve is necessary? * (Required, Multiple choice)

Note: a New Entrants Reserve constitutes a special-purpose pool of emission allowances set aside for new companies entering the carbon market, and companies that increase capacity.

Yes
No
Don't know

Explain your answer:

(Optional)

Q5-6: How many emissions trading exchanges should operate in the national ETS? * (Required, Multiple choice)

Within every province
Several regional platforms
One national platform
Don't know

Explain your answer:

(Optional)

Q5-7: How should banking of permits from the pilot systems to the national ETS be managed? * (Required, Multiple choice)

Full banking of allowances
Percentage of permits may be banked
No banking allowed
Other
Don't know

Explain your answer:

(Optional)

Q5-8: What should be the level of reporting? * (Required, Multiple choice)

Enterprise level
Facility level
Product level
Don’t know

Q5-9: What do you expect the price in the national ETS to be in the coming years?

In Yuan per tonne of CO2.

2017

2018

2020

2025

Explain your answers:

(Optional)

Section 6: China’s emissions, international carbon markets and international climate policy

This section aims to put China national ETS in the context of international carbon markets and international climate policy.

Q6-1: When do you expect China’s carbon emissions will peak? * (Required, Multiple choice)

Already peaked
Before 2020
2021-2025
2026 – 2030
After 2030

Q6-2: Do you expect that China will take on a GHG emissions target for 2025/2030 and, if so, what type? * (Required, Multiple choice)

	No target	Intensity target	Absolute target	Don’t know
2025
2030

Explain your answers:

(Optional)

Q6-3: Do you expect that China’s national ETS will be linked with any other systems by the year 2025 or 2030? * (Required, Multiple choice)

Yes, by 2025
Yes, by 2030
After 2030
Never
Don’t know

Which ones? (Checkboxes)

Select one or more.

EU ETS
California
Quebec
Alberta
South Korea
New Zealand
Kazakhstan
RGGI
Other, please specify

Q6-4: How do you expect the Paris Agreement will affect progress on carbon pricing?

(Optional)

Q6-5: Are there are any other insights or opinions that you would like to share?

(Optional)

Q6-6: Do you have any suggestions for future China Carbon Pricing Surveys?

(Optional)

Thank you for completing the 2017 China Carbon Pricing Survey.

Please enter your email address below to receive the results of the survey and accompanying report, and also to receive an invitation to the report launch in Beijing. Your responses to the survey will be kept anonymous.

You can keep up-to-date with China Carbon Forum activities and research at the CCF website: www.chinacarbon.info.

Thank you,

The 2017 China Carbon Pricing Survey project team

Email: (Only Email allowed)

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