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Key issues in designing Chinas national carbon emissions trading system

Author

Listed:
  • Maosheng Duan
  • Li Zhou

Abstract

The design of China's national carbon emissions trading system (ETS) has been shaped by major considerations including the significant disparities that exist between the different regions of the country, concerns about possible impacts of the ETS on the economy, the continuously evolving policy environment, and the need to divide responsibilities appropriately among relevant authorities. To address these issues and other policy constraints while adhering to the principles of high efficiency and effectiveness within a national system of unified rules, China created a legal framework with unique rules for the coverage and scope of emissions trading, allocations, cap setting, monitoring, reporting and verification, compliance, and division of responsibilities. The system was designed to maintain unified rules across the entire system while also providing flexibility in aspects ranging from coverage and scope, allocation and cap setting to compliance. This design will not only facilitate the formulation of a State Council regulation providing the necessary strong legal foundation for the ETS but will also avoid the frequent changes of regulations that often occur in an evolving policy environment.

Suggested Citation

  • Maosheng Duan & Li Zhou, 2017. "Key issues in designing Chinas national carbon emissions trading system," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    • Handle: RePEc:aen:eeepjl:eeep6-2-duan
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    Citations

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    Cited by:

    1. Xiaosheng Li & Yunxia Shu & Xin Jin, 2022. "Environmental regulation, carbon emissions and green total factor productivity: a case study of China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(2), pages 2577-2597, February.
    2. Gørild Heggelund & Iselin Stensdal & Maosheng Duan, 2022. "China’s Carbon Market: Potential for Success?," Politics and Governance, Cogitatio Press, vol. 10(1), pages 265-274.
    3. He, Ling-Yun & Chen, Kun-Xian, 2023. "Does China's regional emission trading scheme lead to carbon leakage? Evidence from conglomerates," Energy Policy, Elsevier, vol. 175(C).
    4. Li, Mengyu & Weng, Yuyan & Duan, Maosheng, 2019. "Emissions, energy and economic impacts of linking China’s national ETS with the EU ETS," Applied Energy, Elsevier, vol. 235(C), pages 1235-1244.
    5. Goulder, Lawrence H. & Long, Xianling & Lu, Jieyi & Morgenstern, Richard D., 2022. "China's unconventional nationwide CO2 emissions trading system: Cost-effectiveness and distributional impacts," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
    6. Li, Houjian & Li, Qingman & Huang, Xinya & Guo, Lili, 2023. "Do green bonds and economic policy uncertainty matter for carbon price? New insights from a TVP-VAR framework," International Review of Financial Analysis, Elsevier, vol. 86(C).
    7. Yifei Hua & Feng Dong, 2019. "China’s Carbon Market Development and Carbon Market Connection: A Literature Review," Energies, MDPI, vol. 12(9), pages 1-25, May.
    8. Chunyu Pan & Anil Kumar Shrestha & Guangyu Wang & John L. Innes & Kevin Xinwei Wang & Nuyun Li & Jinliang Li & Yeyun He & Chunguang Sheng & John-O. Niles, 2021. "A Linkage Framework for the China National Emission Trading System (CETS): Insight from Key Global Carbon Markets," Sustainability, MDPI, vol. 13(13), pages 1-15, July.

    More about this item

    Keywords

    China; carbon; emissions trading; national; design;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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