This report is a sequel to the Environomist's China Carbon Market Research Report published in early 2015. That report took a close look at the embryonic carbon market in China which at that point was into its first year of existence. This year's report describes and analyzes the Chinese carbon market as it developed in its second year. Providing a rich source of market information and data, we hope the report will be useful for all public and private stakeholders and participants in this market.