Activity under preparation Support to EU-China dialogue and cooperation on ETS-related policies and measures The Overall Objective of this action is to support China in advancing and further developing its Emissions Trading System (ETS) towards a cost-effective tool to reduce emissions. The Specific(s) Objective(s) of this action are to: 1. Ensure a more robust and solid framework for MRV of GHG emissions in the CN ETS (including for new industrial sectors expected to be added), based on the EU experience and best practices. 2. Support discussions and relevant actions to implement the emissions reduction potential under a cost-effective national ETS in China.The Outputs to be delivered by this action contributing to the corresponding Specific Objectives are: 1.1 Increased knowledge of relevant rules and developments in the EU ETS among Chinese stakeholders (contributing to Specific Objective 1) 1.2 Increased capacity of Chinese authorities, verifiers and industries to implement and apply robust MRV rules for the reliable operation of the nation-wide ETS, based on EU best experience (contributing to Specific Objective 1) 2.1 Enhanced reciprocal understanding with Chinese authorities of the EU and China¿s ETS as an effective means to accurately identify and address untapped potential to increase cost-effectiveness of the systems (contributing to Specific Objective 2) 2.2 Enhanced understanding of actual and potential benefits arising from effective interaction between ETS and competitive electricity markets among EU/China think-tanks, universities and industry associations (contributing to Specific Objective 2) 2.3. Enhanced understanding of the impact of concurrent policies on the effectiveness and efficiency of ETS among EU/China think-tanks, universities and industry associations (contributing to Specific Objective 2).