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Role of China in Global Carbon Market

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  • Guiyang Zhuang

Abstract

The use of market‐based mechanisms is a cost‐effective way to reduce carbon emissions. The present paper reviews the global carbon market, focusing mainly on its structure and price features, and analyzes the role of China in the global carbon market. China is playing a leading role in the pursuit of sustainable development, which can account for its lagging behind in the Clean Development Mechanism. The paper discusses the opportunities and challenges for China undertaking the Clean Development Mechanism project in the future. (Edited by Zhinan Zhang)

Suggested Citation

  • Guiyang Zhuang, 2006. "Role of China in Global Carbon Market," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(5), pages 93-104, September.
    • Handle: RePEc:bla:chinae:v:14:y:2006:i:5:p:93-104
    DOI: 10.1111/j.1749-124X.2006.00036.x
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    Cited by:

    1. Stua, Michele, 2013. "Evidence of the clean development mechanism impact on the Chinese electric power system's low-carbon transition," Energy Policy, Elsevier, vol. 62(C), pages 1309-1319.

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