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China Carbon Pricing Survey 2013

Author

Listed:
  • Frank Jotzo
  • Dimitri de Boer
  • Hugh Kater

Abstract

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 under way 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 adopted in 2025 and 2030, possibly in the form of absolute limits on emissions.

Suggested Citation

  • Frank Jotzo & Dimitri de Boer & Hugh Kater, 2013. "China Carbon Pricing Survey 2013," CCEP Working Papers 1305, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:ccepwp:1305
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    File URL: http://ccep.anu.edu.au/data/2013/pdf/wpaper/CCEP1305.pdf
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    Blog mentions

    As found by EconAcademics.org, 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

    Citations

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    Cited by:

    1. 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, Open Access Journal, vol. 9(10), pages 1-17, September.
    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. 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.
    5. 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.
    6. He, Xiaoping, 2015. "Regional differences in China's CO2 abatement cost," Energy Policy, Elsevier, vol. 80(C), pages 145-152.
    7. Munnings, Clayton & Morgenstern, Richard & Wang, Zhongmin & Liu, Xu, 2014. "Assessing the Design of Three Pilot Programs for Carbon Trading in China," Discussion Papers dp-14-36, Resources For the Future.

    More about this item

    Keywords

    Carbon pricing; emissions trading; carbon tax; public policy; expert survey; China;

    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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