Research on Initial Allocation and Fairness of Carbon Trading

2011 ◽  
Vol 130-134 ◽  
pp. 1239-1243
Author(s):  
Jian Rong Tang ◽  
Xu Dong Gao ◽  
Xiao Fang Wu
Keyword(s):  
Carbon Emissions ◽  
Carbon Emission ◽  
Emissions Trading ◽  
Effective Means ◽  
Successful Implementation ◽  
Carbon Trading ◽  
Permit Trading ◽  
Emission Permit ◽  
Initial Allocation ◽  
Carbon Emissions Trading

Carbon emission permit trading is widely considered an effective means to achieve optimal distribution of regional environment. The initial allocation of carbon emissions is the bases of the successful implementation of industry carbon trading. Developing low carbon economy and achieving the state’s energy saving targets are effective ways to the adjustment of economic structure, the improvement of energy efficiency and the development of new industries. The initial allocation of carbon emissions trading has a significant impact on the carbon emissions trading policy. The paper provides a theoretical basis for the choice of the allocation methods of carbon emission permit trading through the research on the fairness of carbon emission trading.

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.

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.

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.

A Theoretical Analysis of Carbon Emission Trading System in China and the Perfection of its Rules and Regulations

2013 ◽  
Vol 448-453 ◽  
pp. 4530-4535
Author(s):  
Mo Ru Liu ◽  
Hua Yu Wang
Keyword(s):  
Carbon Emissions ◽  
Carbon Emission ◽  
Emissions Trading ◽  
Emission Trading ◽  
Capacity Allocation ◽  
Emission Trading System ◽  
Trading System ◽  
Carbon Emissions Trading ◽  
Trading Mechanism ◽  
Carbon Emission Trading

The Carbon emission trading mechanism is an important tool to tackle climate change, promote low-carbon economic development, and facilitate ecological civilization construction. The Carbon emission trading system is set up based on the overall amount control. It controls the greenhouse gas emissions through the marketing mechanism, and reduces the cost of carbon emission control. Through theoretical analyses of the property rights of carbon emission right and the legal relationship of carbon emissions trading ,the theoretical basis for the carbon emissions trading mechanism is established. Currently, the measures to improve the carbon emissions trading mechanisms in China mainly consist of perfecting the trading platform, improving the marketing regulation system, promoting legislations of the total amount control of carbon emissions and the initial allocation of carbon emissions right so as to realize the optimal environmental capacity allocation of carbon emissions.

scholarly journals Research on Carbon Emission Reduction Effect of China's Carbon Trading Pilot

2020 ◽  
Vol 7 (5) ◽  
pp. 240-250
Author(s):  
Linshan Wang ◽  
Chuanming Liu ◽  
Xi Yang
Keyword(s):  
Carbon Emissions ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Industrial Structure ◽  
Government Support ◽  
Carbon Trading ◽  
Carbon Emission Reduction ◽  
Carbon Emissions Trading ◽  
Emission Rights ◽  
Development Levels

Carbon emissions trading is one of the important ways to reduce carbon emissions by giving CO2 emission rights a commodity attribute that allows them to trade on the market and to reduce greenhouse gas emissions through the market mechanisms. Based on the inter-provincial panel data from 1997 to 2016, this paper constructs a basic theoretical analysis framework to analyze the carbon emission reduction effects of carbon trading policies, adopts PSM-DID to study the carbon emission reduction effects of carbon trading pilots. This study finds that: (1) The implementation of the carbon trading pilot can promote carbon emission reduction, but the pilot provinces and municipalities have different economic development levels, industrial structure and supporting measures adopted after the implementation of the carbon trading pilot policy, resulting in differences in carbon emission reduction effects between pilot provinces. (2) For the seller of carbon emission rights, carbon emission reduction is achieved through three effects of "market return-inducing", "technical innovation incentive" and "government support"; for the buyer, carbon emission reduction is achieved through three effects of "enterprise cost pressure", "process innovation motivation" and "market guiding". (4) The results of traditional PSM-DID further prove that the carbon trading pilot can significantly reduce CO2 emissions.

scholarly journals Study on China's Carbon Emission Trading Market Development under the Globalization

2017 ◽  
Vol 1 (1) ◽  
pp. 36
Author(s):  
Jian Chen ◽  
Maoguan Li
Keyword(s):  
Carbon Emissions ◽  
Carbon Emission ◽  
Emissions Trading ◽  
Emission Trading ◽  
Market Development ◽  
Carbon Emissions Trading ◽  
Development History ◽  
Trading Market ◽  
Successful Establishment ◽  
Carbon Emission Trading

This paper starts by describing China's carbon emissions trading market development history, reveals the existence of its development problems, then, analyzes the experience of successful establishment of the European and American national carbon emissions trading market. At last, this paper recommends for a call of unified effort to improve domestic carbon emissions trading market system.

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.

Transaction processing and value evaluation of carbon emission rights based on wavelet transform image and deep learning

2020 ◽  
Vol 39 (4) ◽  
pp. 5821-5832
Author(s):  
Yin Long ◽  
Chaoliang Han
Keyword(s):  
Deep Learning ◽  
Wavelet Transform ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Emissions Trading ◽  
Value Assessment ◽  
Carbon Emissions Trading ◽  
Value Evaluation ◽  
New Ideas ◽  
Emission Rights

The research results of this paper provide new ideas and perspectives for the construction of trading market of China’s carbon emission rights, so as to better alleviate the difficulties in China’s energy conservation and emission reduction. Data evaluation and image analysis based on wavelet transform image processing technology and deep learning were used in the study. Moreover, wavelet transform was used to extract the edge, and compared with the results of several other methods for extracting edges, so as to further study and analyze the trend of carbon emissions trading. The fluctuations in the price of carbon emissions trading, the shift of state, and the period of ups and downs are affected by many random factors. Through research algorithms, we can estimate the situation, seize opportunities, and forecast the prospects. In addition, based on the research, this paper obtains the relevant strategies for carbon emissions trading and value assessment in China.

China’s carbon trading scheme will fall short of hopes

2020 ◽  
Keyword(s):  
Carbon Emissions ◽  
Electricity Generation ◽  
Emissions Trading ◽  
Electricity Price ◽  
Carbon Trading ◽  
Content Type ◽  
Carbon Emissions Trading ◽  
Emissions Trading Scheme ◽  
Trading Scheme

Subject China's emissions trading scheme. Significance China is expected to launch the next phase of its national carbon emissions trading scheme (ETS) this year, involving simulated trading. It will be the world’s largest ETS. Impacts The initial impact will be to encourage efficient coal-fired electricity plants rather than other forms of electricity generation. The threat of an EU tax on emissions-intensive imports is likely to accelerate China's attempts to develop a national ETS. The effort to establish an ETS may bolster electricity price deregulation efforts.

scholarly journals China’s Carbon Pricing Based on Heterogeneous Tail Distribution

2020 ◽  
Vol 12 (7) ◽  
pp. 2754
Author(s):  
Xianzi Yang ◽  
Chen Zhang ◽  
Yu Yang ◽  
Yaqi Wu ◽  
Po Yun ◽  
...  
Keyword(s):  
Carbon Emissions ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Emissions Trading ◽  
Carbon Price ◽  
Carbon Pricing ◽  
Exponential Power Distribution ◽  
Carbon Emissions Trading ◽  
Trading Market ◽  
Tail Distribution

To address climate change, the carbon emission trading scheme has become one of the main measures to achieve emission reduction goals. One of the core problems in constructing the carbon emissions trading market is determining carbon emissions trading prices. The scientific nature of carbon emissions pricing determines the effectiveness of market regulation. Research on the influencing factors and heterogeneous tail distribution of carbon prices can increase the accuracy of carbon pricing, which is particularly important for the development of the carbon emissions trading market. The current studies have some limitations and lack heterogeneous tail description. We employ the arbitrage pricing theory-standardized standard asymmetric exponential power distribution model to analyze China’s regional carbon emissions trading price and use a genetic algorithm to solve linear programming. The results confirm the theoretical results and efficiency of the proposed algorithm. First, the new model can capture the skewness, fat-tailed distribution, and asymmetric effects of China’s regional carbon emissions trading price. Second, the macroeconomy, similar products, energy price, and exchange rate influence the carbon price fluctuation; investors’ behavior plays an important role in the heterogeneous tail distribution of carbon price. The findings provide references for the government to take appropriate measures to promote carbon emission reduction and improve the effectiveness of China’s carbon market. Therefore, our findings can help enhance emission reduction and achieve sustainable development of a low-carbon environment.

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