The True Impacts of and Influencing Factors Relating to Carbon Emissions Rights Trading: A Comprehensive Literature Review

Dan Shi, Cheng Zhang, Bo Zhou and Lu Yang
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Dan Shi: Institute of Industrial Economics, Chinese Academy of Social Sciences, No. 1 Wenxing Dongjie, Xicheng, Beijing 100044, China
Cheng Zhang: Nanjing University of Finance and Economics, No. 3 Wenyuan Road, Xianlin College Town, Nanjing, Jiangsu 210023, China
Bo Zhou: Nanjing University of Finance and Economics, No. 3 Wenyuan Road, Xianlin College Town, Nanjing, Jiangsu 210023, China
Lu Yang: Nanjing University of Finance and Economics, No. 3 Wenyuan Road, Xianlin College Town, Nanjing, Jiangsu 210023, China

Chinese Journal of Urban and Environmental Studies (CJUES), 2018, vol. 06, issue 03, 1-22

Abstract: As an emissions abatement mechanism focusing on property rights theory and market trading methods, carbon emissions rights trading plays an important role in achieving low-carbon economic development, which has already garnered broad worldwide recognition. In the aftermath of the implementation of an initial, seven-province/city, carbon emissions rights trading pilot project, in 2017 China launched a carbon emissions trading rights market on a national basis. The authors of this paper provide a theoretical basis for research into this trading market’s impacts on energy conservation, reduction of emissions, and on economically sustaining, healthy development, from the following four perspectives: the history of the market’s development, a comparison of carbon reduction mechanisms associated with differing carbon tax levies, the effects of carbon emissions rights trading’s implementation, and the influencing factors on such trading. They systematically summarize, sort out, and evaluate the most recent, related carbon emissions rights trading literature, and then based on this analysis offer up insights regarding possible developments and refinements of future carbon emissions rights trading research.

Keywords: Carbon emissions rights trading; mechanism comparison; implementation effects; influencing factors (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1142/S2345748118500161

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