China ’ s New National Carbon Market
نویسنده
چکیده
On December 19, 2017, China announced the official start of its national emission trading system (ETS) construction program. When fully implemented, this program could more than double the volume of worldwide carbon dioxide emissions covered by either tax or tradable permit policy. Many of program’s design features follow experience with China’s pilot programs but contrast with much of the experience in the US and Europe. This makes the Chinese national carbon market both intriguing and challenging to those experienced with western emission trading programs. This paper walks through the design of China’s new carbon market, contrasts it with more familiar, western programs, and highlights possible implications as well as research questions raised by this design.
منابع مشابه
China’s New National Carbon Market
Publication Number: NI WP 18-01 Summary On December 19, 2017, China announced the official start of its national emissions trading system (ETS) construction program. When fully implemented, this program could more than double the volume of worldwide carbon dioxide emissions covered by either tax or tradable permit policy. Many of program’s design features reflect those of China’s pilot programs...
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