China’s New National Carbon Market

2018 ◽  
Vol 108 ◽  
pp. 463-467 ◽  
Author(s):  
William A. Pizer ◽  
Xiliang Zhang

On December 19, 2017, China announced the official start of its national emissions trading system (ETS) construction program. When fully implemented, this program will 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 but differ from those of most emissions trading programs in the United States and Europe. This paper explains the context and design of China's new carbon market, discusses implications and possible modifications, and suggests topics for further research.

Author(s):  
R.G. Nelson, ◽  
C.H. Hellwinckel, ◽  
C.C. Brandt, ◽  
T.O. West, ◽  
D.G. De La Torre Ugarte, ◽  
...  

2019 ◽  
pp. 99-114
Author(s):  
Gilbert E. Metcalf

This chapter reviews the nuts and bolts of implementing a carbon tax. Invoking principles of administrative simplicity, ease of compliance, and avoidance of design features that dilute the price signal, it gives practical advice on who should be responsible for collecting the tax and remitting it to the government. It explains how the tax should handle the possibility that we can capture and permanently store carbon dioxide emissions and how we should tax emissions related to internationally traded goods so the United States is not disadvantaged in global trade. Finally, it identifies, and warns policymakers away from, various pitfalls in carbon tax design.


2017 ◽  
Vol 22 (6) ◽  
pp. 1318-1330 ◽  
Author(s):  
Nicole A. Ryan ◽  
Jeremiah X. Johnson ◽  
Gregory A. Keoleian ◽  
Geoffrey M. Lewis

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