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Evaluating Regional Emissions Trading Pilot Schemes in China's Two Provinces and Five Cities

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  • Wang, Huizhi

Abstract

With the highest energy use and greenhouse gas emissions around the world, China has begun to adopt comprehensive approaches to control its CO2 emissions and fight climate change. China has committed to reduce its carbon intensity by 40% to 45% compared to 2005 levels by 2020. In 2011, China initiated the development of seven regional carbon trading scheme (ETS) pilots in two provinces (Guangdong and Hubei) and five cities (Beijing, Tianjin, Shanghai, Chongqing and Shenzhen) and has embarked on an ambitious pathway for establishing a national carbon market in 2017. This paper provides an overview and analysis of China’s carbon emission trading market. A background and design characters of China’s seven ETS pilots are introduced. Market performance and compliance are summarized. Linkage existed in China’s carbon emission trading market is identified.

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  • Wang, Huizhi, 2016. "Evaluating Regional Emissions Trading Pilot Schemes in China's Two Provinces and Five Cities," AGI Working Paper Series 2016-01, Asian Growth Research Institute.
    • Handle: RePEc:agi:wpaper:00000098
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    References listed on IDEAS

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    1. Zhang, Da & Rausch, Sebastian & Karplus, Valerie J. & Zhang, Xiliang, 2013. "Quantifying regional economic impacts of CO2 intensity targets in China," Energy Economics, Elsevier, vol. 40(C), pages 687-701.
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    Cited by:

    1. Cenjie Liu & Chunbo Ma & Rui Xie, 2020. "Structural, Innovation and Efficiency Effects of Environmental Regulation: Evidence from China’s Carbon Emissions Trading Pilot," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(4), pages 741-768, April.

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    Keywords

    China; emissions trading schemes; performance; China; emissions trading schemes; performance;
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