Carbon Emissions Trading in China: Features and Compliance of Pilots and their Transition to a Nationwide Scheme

ZhongXiang Zhang

Review of Environment, Energy and Economics - Re3, 2015

Abstract: The Chinese government has approved seven pilot carbon trading schemes. These pilot regions are deliberately selected to be at varying stages of development and are given considerable leeway to design their own schemes. These schemes have features in common, but vary considerably in their approach to a variety of issues, such as the coverage of sectors, allocation of allowances, price uncertainty, and enforcement and compliance. This article examines key features and compliance of China’s carbon trading pilots, lessons learned in the pilots, and the transition from the pilots to a national carbon trading scheme. Insights offered into the design, implementation and compliance of China’s carbon trading pilots and potential pathways help make these pilots work reliably and effectively and smooth the transition from the pilots to a national carbon trading scheme.

Keywords: Pilot carbon trading schemes; Design; implementation and compliance; National carbon trading scheme; China (search for similar items in EconPapers)
JEL-codes: Q43 Q48 Q52 Q54 Q58 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femre3:2015.07-04

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