In May 2013, a representative of China’s National Development and Reform Commission announced that the country plans to develop a national cap-andtrade system resembling the EU’s Emissions Trading Scheme (“ETS”). With $8 million from the World Bank and several other international entities supporting pilot programs, China says it expects the system to be in operation by 2016. The details of the system have not yet been finalised. This newsletter briefly describes EU environment developments. Due to the general nature of its content, this newsletter is not and should not be regarded as legal advice. The website of the National Development and Reform Commission can be accessed via the following link: http://en.ndrc.gov.cn/