Arbeitspapier
Crossing the River by Feeling the Stones: The Case of Carbon Trading in China
Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and low-carbon cities in six provinces and thirty-six cities, the Chinese central government has approved the seven pilot carbon trading schemes. These pilot trading schemes have features in common, but vary considerably in their approach to issues such as the coverage of sectors, allocation of allowances, price uncertainty and market stabilization, potential market power of dominated players, use of offsets, and enforcement and compliance. This article explains why China turns to market forces and opts for emissions trading, rather than carbon or environmental taxes at least initially, discusses the five pilot trading schemes that have to comply with their emissions obligations by June 2014, and examines a wide range of design, implementation, enforcement and compliance issues related to China's carbon trading pilots and their first-year performance. The article ends with drawing some lessons learned and discussing the options to evolve regional pilot carbon trading schemes into a nationwide carbon trading scheme.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 19.2015
- Klassifikation
-
Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Socialist Systems and Transitional Economies: Natural Resources; Energy; Environment
Energy and the Macroeconomy
Energy: Government Policy
Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
- Thema
-
Pilot Carbon Trading Schemes
Low-carbon Development
Environmental Taxes
Market Stabilization Mechanism
Carbon Offsets
Enforcement and Compliance
China
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zhang, ZhongXiang
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Zhang, ZhongXiang
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2015
Ähnliche Objekte (12)
Carbon emissions trading in China: The evolution from pilots to a nationwide scheme
Effective environmental protection in the context of government decentralization
Is it fair to treat China as a christmas tree to hang everybody's complaints? Putting its own energy saving into perspective
Climate change meets trade in promoting green growth: potential conflicts and synergies
Liberalizing climate-friendly goods and technologies in the WTO: product coverage, modalities, challenges and the way forward
Programs, Prices and Policies Towards Energy Conservation and Environmental Quality in China
Why are the stakes so high? Misconceptions and misunderstandings in China's global quest for energy security
China's Carbon Market: Development, Evaluation, Coordination of Local and National Carbon Markets and Common Prosperity
In what format and under what timeframe would China take on climate commitments? A roadmap to 2050
Multilateral trade measures in a post-2012 climate change regime? What can be taken from the Montreal Protocol and the WTO?
Open Trade with the U.S. without Compromising Canada's Ability to Comply with its Kyoto Target
Copenhagen and beyond: reflections on China's stance and responses
Carbon emissions trading in China: The evolution from pilots to a nationwide scheme
Effective environmental protection in the context of government decentralization
Is it fair to treat China as a christmas tree to hang everybody's complaints? Putting its own energy saving into perspective
Climate change meets trade in promoting green growth: potential conflicts and synergies
Liberalizing climate-friendly goods and technologies in the WTO: product coverage, modalities, challenges and the way forward
Programs, Prices and Policies Towards Energy Conservation and Environmental Quality in China
Why are the stakes so high? Misconceptions and misunderstandings in China's global quest for energy security
China's Carbon Market: Development, Evaluation, Coordination of Local and National Carbon Markets and Common Prosperity
In what format and under what timeframe would China take on climate commitments? A roadmap to 2050
Multilateral trade measures in a post-2012 climate change regime? What can be taken from the Montreal Protocol and the WTO?
Open Trade with the U.S. without Compromising Canada's Ability to Comply with its Kyoto Target
Copenhagen and beyond: reflections on China's stance and responses
Carbon emissions trading in China: The evolution from pilots to a nationwide scheme
Effective environmental protection in the context of government decentralization
Is it fair to treat China as a christmas tree to hang everybody's complaints? Putting its own energy saving into perspective
Climate change meets trade in promoting green growth: potential conflicts and synergies
Liberalizing climate-friendly goods and technologies in the WTO: product coverage, modalities, challenges and the way forward
Programs, Prices and Policies Towards Energy Conservation and Environmental Quality in China
Why are the stakes so high? Misconceptions and misunderstandings in China's global quest for energy security
China's Carbon Market: Development, Evaluation, Coordination of Local and National Carbon Markets and Common Prosperity
In what format and under what timeframe would China take on climate commitments? A roadmap to 2050
Multilateral trade measures in a post-2012 climate change regime? What can be taken from the Montreal Protocol and the WTO?
Open Trade with the U.S. without Compromising Canada's Ability to Comply with its Kyoto Target