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China Carbon Pricing Survey 2013


  • Jotzo, Frank
  • de Boer, Dimitri
  • Kater, Hugh


This paper summarises results from the inaugural China Carbon Pricing Survey. The survey elicited expectations about the future of China’s carbon price from China-based experts on carbon pricing and carbon markets during July to September 2013. The results indicate confidence that all seven of China’s pilot schemes will be implemented by 2015, with prices rising over time and having an effect on investment decisions; however there is significant uncertainty about price levels. There is strong confidence that China will proceed to introduce national emissions trading, probably in conjunction with a carbon tax. Carbon price levels are expected to rise, in time exceeding those currently prevailing in the EU emissions trading scheme. A large majority of respondents expect that China’s 2020 emissions intensity target will be achieved or surpassed, and almost all expect further targets to be taken on in 2025 and 2030, possibly in the form of absolute limits on emissions.

Suggested Citation

  • Jotzo, Frank & de Boer, Dimitri & Kater, Hugh, 2013. "China Carbon Pricing Survey 2013," Working Papers 249409, Australian National University, Centre for Climate Economics & Policy.
  • Handle: RePEc:ags:ancewp:249409
    DOI: 10.22004/ag.econ.249409

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    Blog mentions

    As found by, the blog aggregator for Economics research:
    1. Energy market reform needed as China heads for national emissions trading
      by Frank Jotzo in East Asia Forum on 2014-09-23 17:00:10


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    Cited by:

    1. Chen, Hao & Tang, Bao-Jun & Liao, Hua & Wei, Yi-Ming, 2016. "A multi-period power generation planning model incorporating the non-carbon external costs: A case study of China," Applied Energy, Elsevier, vol. 183(C), pages 1333-1345.
    2. Wang, Jian & Lv, Kangjuan & Bian, Yiwen & Cheng, Yu, 2017. "Energy efficiency and marginal carbon dioxide emission abatement cost in urban China," Energy Policy, Elsevier, vol. 105(C), pages 246-255.
    3. Fei Teng & Frank Jotzo, 2014. "Reaping the Economic Benefits of Decarbonization for China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 22(5), pages 37-54, September.
    4. Munnings, Clayton & Morgenstern, Richard & Wang, Zhongmin & Liu, Xu, 2014. "Assessing the Design of Three Pilot Programs for Carbon Trading in China," RFF Working Paper Series dp-14-36, Resources for the Future.
    5. Zhang, Da & Karplus, Valerie J. & Cassisa, Cyril & Zhang, Xiliang, 2014. "Emissions trading in China: Progress and prospects," Energy Policy, Elsevier, vol. 75(C), pages 9-16.
    6. Alex Y. Lo, 2016. "Challenges to the development of carbon markets in China," Climate Policy, Taylor & Francis Journals, vol. 16(1), pages 109-124, January.
    7. Qian Zhou & Helmut Yabar & Takeshi Mizunoya & Yoshiro Higano, 2017. "Evaluation of Integrated Air Pollution and Climate Change Policies: Case Study in the Thermal Power Sector in Chongqing City, China," Sustainability, MDPI, vol. 9(10), pages 1-17, September.
    8. He, Xiaoping, 2015. "Regional differences in China's CO2 abatement cost," Energy Policy, Elsevier, vol. 80(C), pages 145-152.

    More about this item


    Environmental Economics and Policy; International Relations/Trade; Public Economics;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming


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