Role of China in Global Carbon Market

Guiyang Zhuang

China & World Economy, 2006, vol. 14, issue 5, 93-104

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)

Date: 2006
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