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Lessons learned from Chinas regional carbon market pilots


  • Junjie Zhang
  • Zhenxuan Wang
  • Xinming Du


This paper gives an overview of the performance of China's seven regional carbon market pilots and the range of approaches they have used. We assessed the outcomes of these pilots using publicly available secondary market trading data. The differences in market performance are explained by the design of key market elements such as emission allowances, covered sectors, allowance allocation, monitoring, reporting and verification, compliance and penalties, and offset market. The lessons learned from the regional carbon market pilots are used to provide insights that can aid in the design of the upcoming national carbon market.

Suggested Citation

  • Junjie Zhang & Zhenxuan Wang & Xinming Du, 2017. "Lessons learned from Chinas regional carbon market pilots," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
  • Handle: RePEc:aen:eeepjl:eeep6-2-zhang

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    Cited by:

    1. Wenwen Zhang & Shichun Xu & Zhengxia He & Basil Sharp & Bin Zhao & Shuxiao Wang, 2019. "Impacts of U.S. Carbon Tariffs on China’s Foreign Trade and Social Welfare," Sustainability, MDPI, Open Access Journal, vol. 11(19), pages 1-1, September.
    2. Sturm, Bodo & Pei, Jiansuo & Wang, Ran & Löschel, Andreas & Zhao, Zhongxiu, 2019. "Conditional cooperation in case of a global public good – Experimental evidence from climate change mitigation in Beijing," China Economic Review, Elsevier, vol. 56(C), pages 1-1.
    3. Andreas Löschel & Jiansuo Pei & Bodo Sturm & Ran Wang & Wolfgang Buchholz & Zhongxiu Zhao, 2018. "The Demand for Global and Local Environmental Protection - Experimental Evidence from Climate Change Mitigation in Beijing," CESifo Working Paper Series 6973, CESifo.
    4. Panle Jia Barwick & Shanjun Li & Liguo Lin & Eric Zou, 2019. "From Fog to Smog: the Value of Pollution Information," NBER Working Papers 26541, National Bureau of Economic Research, Inc.

    More about this item


    Climate change; carbon market; China;

    JEL classification:

    • F0 - International Economics - - General


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