A Study of the Thoughts Behind the Construction of a National Carbon Trading System

2016 ◽  
Vol 04 (03) ◽  
pp. 1650024
Author(s):  
Shuang ZHENG
Keyword(s):  
Carbon Emissions ◽  
Emissions Trading ◽  
Central Committee ◽  
Institutional Innovation ◽  
Carbon Trading ◽  
Trading System ◽  
Address Climate Change ◽  
Trading Systems ◽  
Carbon Emissions Trading ◽  
Trading Market

Both The 12th Five-Year Plan and the Decision of the Third Plenary Session of the 18th Central Committee of the CPC have proposed the establishment of a national carbon emissions trading market, which will be a major institutional innovation in China's efforts to address climate change. By exploring the necessity of implementing carbon emissions trading in China, this paper summarizes the practices and experience of carbon trading pilots in seven provinces and cities since 2013, put forward the purposes, roadmaps, and main content in the construction of carbon emissions trading systems in China.

Building Carbon Emissions Trading System for China under the Experience of EU Emissions Trading System

2013 ◽  
Vol 411-414 ◽  
pp. 2505-2510
Author(s):  
Qi Wei ◽  
Man Man Tian
Keyword(s):  
Carbon Emissions ◽  
Emissions Trading ◽  
Rapid Development ◽  
Market Condition ◽  
Carbon Trading ◽  
Trading System ◽  
Carbon Emissions Trading ◽  
Trading Market ◽  
Eu Emissions Trading System ◽  
Emissions Trading System

Along with the rapid development of economy, China has become the leading emitter of greenhouse gases in the world. Carbon emissions trading system is an important tool and means to response to climate change effectively and reduce greenhouse gas emissions. At present, Chinese carbon trading market is still in its infancy, and there are many deficiencies: legal system is imperfect and carbon source monitoring regulation is lax, the variety of trading is single, China does not have pricing power of carbon emissions and the layouts of trading platform are not reasonable. Through using the implementation experience of the EU emissions trading system, we construct Chinese carbon trading mechanism based on total control principle: voluntary trading market should be carried out fist and mandatory transaction will be implemented when market condition is sufficient. According to the quotas allocation from free to auction, mandatory transaction shall be implemented in there stages.

scholarly journals Linking Emissions Trading Schemes: Economic Valuation of a Joint China–Japan–Korea Carbon Market

2019 ◽  
Vol 11 (19) ◽  
pp. 5303 ◽  
Author(s):  
Zhongyu Ma ◽  
Songfeng Cai ◽  
Weifeng Ye ◽  
Alun Gu
Keyword(s):  
Carbon Emissions ◽  
Emission Reduction ◽  
Emissions Trading ◽  
Economic Benefits ◽  
Carbon Market ◽  
Economic Losses ◽  
Carbon Trading ◽  
Trading Systems ◽  
Carbon Emissions Trading ◽  
Project Model

Linking carbon emissions trading systems across countries has become an important tool for global emission reduction. The three high-emission Asian countries, China, Japan, and South Korea (ROK), all have initiated carbon trading and published ambitious Intended Nationally Determined Contribution targets. Since 2016, the three countries have discussed establishing a long-term unified market for carbon emissions trading, and have sought a scheme for such exchange. This study aimed to investigate whether linking the carbon emissions trading systems of these three countries could potentially achieve more ambitious emission reduction targets. A dynamic energy-environmental version of the Global Trade Analysis Project model was used to simulate carbon market linkages across the three countries. The results indicated that a linked China–Japan–ROK carbon market would be highly cost-effective, have positive economic benefits for all three countries, and improve the carbon market’s liquidity and transaction scale. Under a scenario with no carbon market linking, the economic losses in China, Japan, and ROK would be $51.55 billion, $13.55 billion, and $74.19 billion, respectively. Meanwhile, with carbon trading linking, the losses would be reduced to $47.08 billion, $5.37 billion, and $9.10 billion, respectively. Therefore, a joint China–Japan–ROK carbon market could greatly promote the adoption of market-based tools for emission reduction.

China’s Carbon Emissions Trading Market Analysis

2010 ◽  
Vol 113-116 ◽  
pp. 484-487 ◽  
Author(s):  
Ming Ming Wu
Keyword(s):  
Carbon Emissions ◽  
Carbon Emission ◽  
Emissions Trading ◽  
Market Analysis ◽  
Emission Permits ◽  
Market Mechanisms ◽  
Carbon Emissions Trading ◽  
Trading Market ◽  
The Status

As one of the carbon trade mechanisms ratified by Tokyo Protocol, the Carbon Emission Permits Trade has played a significant role of offsetting the global warming problem. This paper introduces the international carbon emissions trading market mechanisms, transaction type, and volume and price, and then analyses the status of carbon emissions trading at home and abroad. Finally, the author puts forward construction carbon emissions trading in China.

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