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Carbon Emissions Trading in China by Qin Tianbao,Zhang Meng Pdf
Emissions Trading Systems (ETS) have been hailed as a game changer for the evolving climate crisis. This book provides an in-depth analysis of China’s carbon ETS, including its legal and policy frameworks, carbon market mechanisms, and international and comparative implications.
A Brief Overview of China’s ETS Pilots by Daiqing Zhao,Wenjun Wang,Zhigang Luo Pdf
This book systematically introduces readers to the framework of China’s ETS pilots, exploring their design and operating process, the current state of the carbon market, and various barriers encountered. To do so, it deconstructs the Guangdong ETS, which is the largest and most representative of China’s seven ETS pilots. The book subsequently describes and evaluates all seven pilots in terms of their efficiency, macro and micro effects, the method involved in the DEA model, the CGE model, and cost-benefit analysis. In turn, in the assessment section it demonstrates how some ETS pilots have failed to control carbon emissions due to inordinately high emissions quotas issued by the local government etc. Further, it argues that ETS should focus on those industries with large emissions and high mitigating potential for the time being, and then gradually expand the scale of its coverage. As China’s national ETS is slated for launch on the basis of the lessons learned from the ETS pilots, the book offers a timely and valuable resource for all those who want to understand and forecast the development of China’s ETS. It includes a wealth of descriptions and explanations of Chinese government policies involving carbon emissions control, making it a unique resource.
This book explores the political aspects of China's climate change policy, focusing on the newly established carbon markets and carbon trading schemes. Lo makes a case for understanding the policy change in terms of discourse and in relation to narratives of national power and development.
Interactions Between China’s National Emissions Trading Scheme and Electricity Market: Practices and Policies by Tsun Se Cheong,Xunpeng (Roc) Shi,Yongping Sun,Jian Yu,Xin Yao Pdf
China’s national carbon market, the world’s largest emissions trading scheme (ETS), kicked off its first online trade recently. This can be called a milestone for the country towards the nation’s goals of having CO2 emissions peak before 2030 and achieving carbon neutrality by 2060. China’s national ETS initially covers the power sector, before being expanded to a much broader set of energy-intensive industries. On one hand, the electricity sector, the largest carbon-emitting industry, is responsible for about 40% of China’s emissions, and it has great significance to response to global climate change. On the other hand, the effectiveness of China’s ETS will rest on how well it is coordinated with power market regulations and policies. In this regard, the deepening of reform, as well as the advanced technology and its applications in the electricity market will add new challenges and opportunities to electricity trade, which, in turn, influences national ETS. Therefore, this brings urgency to accurately capture the dynamic interactions between national ETS and electricity market to transform carbon trading into a practical and effective way to decarbonize the power sector.
China's Emission Trading System In The Transition To A Low-carbon Economy by Shaozhou Qi Pdf
This book integrates the theory and practice of carbon trading at home and abroad, focusing on major theoretical and practical issues of establishing an emissions trading scheme (ETS) in China during its transition to a low-carbon economy. First, a theoretical analysis of the relationship between the transformation of the low-carbon economy and ETS is presented. Second, policy design, institutional evolution, market operation and practical effects of the major global ETSs are systematically compared. Third, the theoretical basis, key points, modelling methods, computational simulation, policy options and operational steps for key institutional and designing of policy elements in China's ETS are analyzed individually. Finally, policy recommendations for the top-level design of China's ETS are proposed.
Carbon Emissions Trading in China by Qin Tianbao,Zhang Meng Pdf
Emissions Trading Systems (ETS) have been hailed as a game changer for the evolving climate crisis. This book provides an in-depth analysis of China's carbon ETS, including its legal and policy frameworks, carbon market mechanisms, and international and comparative implications. With nine cutting-edge topics divided into three thematic parts, this comprehensive book probes the essential concepts, contemporary research, and key elements of carbon emissions trading in China. Multidisciplinary in scope, the book draws on insights from law, policy, economics, environmental management, and geopolitics, to provide a comprehensive and nuanced analysis of the development of carbon emissions trading in China. Placing China's carbon ETS within the broader context of international efforts to address climate change, it provides a comparative perspective with international value. This book will be an essential resource for scholars and researchers of international and comparative climate law and policy, environmental management, economics, and climate politics. It will prove an indispensable guide for students of Chinese law, climate law, environmental policy, and comparative environmental law. Practitioners, policymakers, and government officials working in climate governance seeking the state-of-the-art of the development of ETS in China will also benefit greatly from its insights.
China-eu: Green Cooperation by Reuter Etienne,Men Jing Pdf
This book offers a selection of views from Chinese and European experts and scholars on the most pressing environmental challenges — air quality, global warming, climate change, energy security, urbanisation — faced by Europe and China in 2014. The contributors also discuss possibilities of technical cooperation between the two sides on remedies for the domestic scene as well as contributions to international negotiations. These problems top the agenda of the new leadership in China and also feature prominently on the EU-China agenda for EU's efforts to mitigate climate change.
Climate Governance in China by Lina Li,Maia Haru Hall Pdf
This book explores how and why innovative climate policies spread across subnational regions and between governance levels in China. Despite the significance of emerging economies in a pathway to a zero-carbon future, research to date on China’s transformation governance remains limited. Drawing on a theoretical framework for policy diffusion and based on extensive data from expert interviews with Chinese decisionmakers and policy practitioners, Lina Li and Maia Haru Hall focus on the policy of emissions trading systems (ETS) and two key case studies: Shanghai and Hubei. The authors examine the role of the national government and how much freedom the subnational regions have in developing ETS policy, as well as pinpointing key actors and the role of policy and knowledge diffusion mechanisms. Overall, this book sheds light on the competition between China and the West in the transition to climate-friendly societies and economies, highlighting opportunities for cooperation between them. This book will be of great interest to students and scholars of environmental politics and policy, climate change, urban studies, and Chinese studies more broadly.
China: Tackle the Challenge of Global Climate Change by Angang Hu,Qingyou Guan Pdf
Global climate change is one of the challenges ever to confront humanity with the largest scale, widest scope and most far-reaching influence. As the biggest developing country with the largest population, China is the world’s leading consumer of coal and energy, and one of the worst-hit victims of global warming. Consequently, China should assume its responsibility in making contributions to global sustainable development. Based on the principles of fairness and efficiency, this study creatively puts forward two principles of global governance on climate change. The first entails replacement of the two-group schema of developed and developing countries with a four-group model based on the Human Development Index (HDI). The second entails application of the resulting model to specify the major emitters as principal contributors to emission reduction. In addition, it proposes a two-step strategy for China to tackle the issue of climate change. This book makes it clear that China should proactively engage in relevant international cooperation, actively participate in international climate negotiations, make clear commitments to reduce emissions, and assume the obligations of a responsible power to achieve sustainable and green development.
Forest Carbon Practices and Low Carbon Development in China by Zhi Lu,Xiaoquan Zhang,Jian Ma,Caifu Tang Pdf
This is the first book illustrating China’s forest carbon projects. It includes an analysis of the policy and future development trends of China’s forest carbon market and showcases the country’s most representative forest carbon projects. Accordingly, it offers a valuable resource for all policymakers and researchers interested in forest carbon, as well as project developers and engineers involved in forest carbon projects.
The Economics of Climate Change in China by Fan Gang,Nicholas Stern,Ottmar Edenhofer,Xu Shanda,Klas Eklund,Frank Ackerman,Lailai Li,Karl Hallding Pdf
China faces many modernization challenges, but perhaps none is more pressing than that posed by climate change. China must find a new economic growth model that is simultaneously environmentally sustainable, can free it from its dependency on fossil fuels, and lift living standards for the majority of its population. But what does such a model look like? And how can China best make the transition from its present macro-economic structure to a low-carbon future? This ground-breaking economic study, led by the Stockholm Environment Institute and the Chinese Economists 50 Forum, brings together leading international thinkers in economics, climate change, and development, to tackle some of the most challenging issues relating to China's low-carbon development. This study maps out a deep carbon reduction scenario and analyzes economic policies that shift carbon use, and shows how China can take strong and decisive action to make deep reductions in carbon emission over the next forty years while maintaining high economic growth and minimizing adverse effects of a low-carbon transition. Moreover, these reductions can be achieved within the finite global carbon budget for greenhouse gas emissions, as determined by the hard constraints of climate science. The authors make the compelling case that a transition to a low-carbon economy is an essential part of China's development and modernization. Such a transformation would also present opportunities for China to improve its energy security and move its economy higher up the international value chain. They argue that even in these difficult economic times, climate change action may present more opportunities than costs. Such a transformation, for China and the rest of the world, will not be easy. But it is possible, necessary and worthwhile to pursue.
Green Low-Carbon Development in China by Jinjun Xue,Zhongxiu Zhao,Yande Dai,Bo Wang Pdf
The book provides an in depth analyses of the experience and lessons in Chinese energy and emissions reductions policies in a climate change constrained scenario. As China emerges as the world second largest economy and first largest carbon emitter, the country is moving onto a low-carbon development path. Projections of medium and long term energy supply and demand scenarios are presented, based on variations on the energy supply structure, key energy consumption sectors and energy conservation policy innovation. Energy efficiency policies are evaluated based on lessons and experiences from case studies in different sectors, and policy innovations in terms of financial, legal and regulatory approaches to improve energy efficiency and reduce carbon emissions are proposed. The book includes the latest research findings of leading experts in energy policy and low-carbon economy from researchers, key think tanks and government officials in both China and the world.
Climate Mitigation and Adaptation in China by Jun Fu,Dongxiao Zhang,Ming Lei Pdf
Climate change is a huge challenge to humanity in the 21th century. In view of China’s recent pledge to the international community to peak carbon emissions before 2030 and achieve carbon neutrality by 2060, this book examines climate mitigation and adaptation efforts in China through the prism of the steel sector, and it does so from three interrelated perspectives, i.e., policy, technology, and market. The book argues that in developing the country’s strategy towards green growth, over the years there has been a positive and interactive relationship between China’s international commitments and domestic agenda setting in mitigation and adaptation to the impact of climate change. To illustrate China’s efforts, two special areas, i.e., carbon capture, utilization and storage (CCUS) and emissions-trading system (ETS), have received focused examination. Along the spectrum of low-carbon, zero-carbon, and negative-carbon strategies, this study ends with a simulation model which outlines different policy scenarios, challenges, and uncertainties, as China moves further on, trying to achieve carbon neutrality in 2060. The book will be of interest to scholars, policy-makers, and business executives who want to understand China’s growing role in the world.
Emission Trajectories and Mitigation Schemes for China by Kai Fang,Qifeng Zhang,Yiqi Tang Pdf
This book seeks to model the possible emission trajectories and identify the feasible mitigation schemes for China to meet its climate commitments to peak emissions before 2030 and net zero emissions before 2060. In line with these ambitions, China has taken a number of measures to improve carbon efficiency and energy structure in recent years. The book first analyzes changes in the carbon footprint at the city level, identify the different pathways to peak emissions by province and industry, and develop a bottom-up approach to determining when and how China could reach peak emissions. It then illustrates how the Emissions Trading Scheme (ETS) reduces abatement costs, and examines the cost-saving effects under carbon intensity reduction and peak emissions targets. Based on the findings and the status quo in China, the authors propose a multicriteria allocation scheme for carbon emission allowances at the provincial level and quantify the impact of sectoral coverage on the abatement costs of the ETS by developing a cost-based approach to sectoral coverage in China. In addition, the co-benefits between CO2 and PM2.5 reductions as a result of the ETS operation are elaborated. The book will benefit researchers and policy-makers interested in environmental governance, climate policy, environmental economics, and sustainable development.
Climate Change Law in China in Global Context by Xiangbai He,Hao Zhang,Alexander Zahar Pdf
In Climate Change Law in China in Global Context, seven climate change law scholars explain how the country’s legal system is gradually being mobilized to support the reduction of greenhouse gas emissions in China and achieve adaptation to climate change. There has been little English scholarship on the legal regime for climate change in China. This volume addresses this gap in the literature and focuses on recent attempts by the country to build defences against the impacts of climate change and to meet the country’s international obligations on mitigation. The authors are not only interested in China’s laws on paper; rather, the book explains how these laws are implemented and integrated in practice and sheds light on China’s current laws, laws in preparation, the changing standing of law relative to policy, and the further reforms that will be necessary in response to the 2015 Paris Agreement on Climate Change. This comprehensive and critical account of the Chinese legal system’s response to the pressures of climate change will be an important resource for scholars of international law, environmental law, and Chinese law.
