The objective of the Partnership for Market Readiness Project is to enable China to design a national carbon emissions trading scheme. There are two components to the project, the first component being enabling design of key building blocks for a national Emissions Trading Scheme (ETS). This component will support technical assistance, studies, including policy research and analysis, and workshops that aim to assist the DDC in developing the key ETS building blocks. Generally, the studies under each sub-component will involve a series of activities that will lead to recommendations for each building block. Stakeholder consultation will be built into the process to ensure relevant governmental agencies, industries and civil societies’ inputs and comments are taken into account. This component consists of seven sub-components: development of methodologies for coverage, cap, allocation and supplementary mechanisms; development of a legal framework and oversight system; development of a data collection and MRV system; development of an ETS registry; research on participation of state-owned enterprises; research on power sector issues for a national ETS; and provincial level enterprise and economic data collection and consultation. Finally, the second component is the China PMR synthesis report, consultations and project management