China's Regional Carbon Trading Experiments and the Development of a National Market: Lessons from China's So2 Trading Programme

Craig Hart and M A Zhong

Energy & Environment, 2014, vol. 25, issue 3-4, 577-592

Abstract: Seven regions in China are currently conducting trial greenhouse gas emission trading pilot programmes in preparation for the development by 2015 of a nationwide cap and trade programme mandated by the 12th Five-Year Plan. Whilst China's carbon emission trading pilots are relatively recent, China possesses over fifteen years of experience in sulphur dioxide (SO 2 ) emissions trading. Like the current carbon emission pilots, various SO 2 pilots were conducted covering nine cities and four provinces before adoption of a national SO 2 emissions trading programme. This paper considers how China's nascent greenhouse gas cap and trade programme may evolve and what policymakers can learn from China's own extensive domestic experience with SO 2 emissions trading, which remains largely unexplored in the literature on China's carbon markets.

Keywords: Carbon trading; SO2 trading; China; CO2 emissions (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:engenv:v:25:y:2014:i:3-4:p:577-592

DOI: 10.1260/0958-305X.25.3-4.577

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