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China's Regional Carbon Trading Experiments and the Development of a National Market: Lessons from China's So2 Trading Programme

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  • Craig Hart
  • M A Zhong

Abstract

Seven regions in China are currently conducting trial greenhouse gas emission trading pilot programmes in preparation for the development by 2015 of a nationwide cap and trade programme mandated by the 12th Five-Year Plan. Whilst China's carbon emission trading pilots are relatively recent, China possesses over fifteen years of experience in sulphur dioxide (SO 2 ) emissions trading. Like the current carbon emission pilots, various SO 2 pilots were conducted covering nine cities and four provinces before adoption of a national SO 2 emissions trading programme. This paper considers how China's nascent greenhouse gas cap and trade programme may evolve and what policymakers can learn from China's own extensive domestic experience with SO 2 emissions trading, which remains largely unexplored in the literature on China's carbon markets.

Suggested Citation

  • Craig Hart & M A Zhong, 2014. "China's Regional Carbon Trading Experiments and the Development of a National Market: Lessons from China's So2 Trading Programme," Energy & Environment, , vol. 25(3-4), pages 577-592, April.
    • Handle: RePEc:sae:engenv:v:25:y:2014:i:3-4:p:577-592
    DOI: 10.1260/0958-305X.25.3-4.577
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    Cited by:

    1. Munnings, Clayton & Morgenstern, Richard D. & Wang, Zhongmin & Liu, Xu, 2016. "Assessing the design of three carbon trading pilot programs in China," Energy Policy, Elsevier, vol. 96(C), pages 688-699.

    More about this item

    Keywords

    Carbon trading; SO2 trading; China; CO2 emissions;
    All these keywords.

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