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Title: Assessment of allowance mechanism China's carbon trading pilots

Abstract

The allowance mechanism is one of the core and sensitive aspects in design of a carbon trading scheme and affects the compliance cost for each company covered under the scheme. By examining China's allowance mechanism from two aspects including allowance allocation and allowance distribution, this paper compares China's carbon trading pilots with the EU Emissions Trading System and California Cap-and-Trade Program, and through the comparison identify issues that affect the efficiency of the pilots. The paper also recommends course of actions to strengthen China's existing pilots and build valuable experiences for the establishment of the national cap-and-trade system in China.

Authors:
 [1];  [2];  [3];  [2]
  1. Wuhan Univ., Wuhan Hubei (China); Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
  2. Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
  3. Wuhan Univ., Wuhan Hubei (China)
Publication Date:
Research Org.:
Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1213694
Grant/Contract Number:  
AC02-05CH11231
Resource Type:
Accepted Manuscript
Journal Name:
Energy Procedia (Online)
Additional Journal Information:
Journal Name: Energy Procedia (Online); Journal Volume: 75; Journal Issue: C; Journal ID: ISSN 1876-6102
Publisher:
Elsevier
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; 54 ENVIRONMENTAL SCIENCES; cap-and-trade pilot; allowance allocation; carbon trading; China ETS; climate change

Citation Formats

Xiong, Ling, Shen, Bo, Qi, Shaozhou, and Price, Lynn. Assessment of allowance mechanism China's carbon trading pilots. United States: N. p., 2015. Web. doi:10.1016/j.egypro.2015.07.249.
Xiong, Ling, Shen, Bo, Qi, Shaozhou, & Price, Lynn. Assessment of allowance mechanism China's carbon trading pilots. United States. https://doi.org/10.1016/j.egypro.2015.07.249
Xiong, Ling, Shen, Bo, Qi, Shaozhou, and Price, Lynn. Fri . "Assessment of allowance mechanism China's carbon trading pilots". United States. https://doi.org/10.1016/j.egypro.2015.07.249. https://www.osti.gov/servlets/purl/1213694.
@article{osti_1213694,
title = {Assessment of allowance mechanism China's carbon trading pilots},
author = {Xiong, Ling and Shen, Bo and Qi, Shaozhou and Price, Lynn},
abstractNote = {The allowance mechanism is one of the core and sensitive aspects in design of a carbon trading scheme and affects the compliance cost for each company covered under the scheme. By examining China's allowance mechanism from two aspects including allowance allocation and allowance distribution, this paper compares China's carbon trading pilots with the EU Emissions Trading System and California Cap-and-Trade Program, and through the comparison identify issues that affect the efficiency of the pilots. The paper also recommends course of actions to strengthen China's existing pilots and build valuable experiences for the establishment of the national cap-and-trade system in China.},
doi = {10.1016/j.egypro.2015.07.249},
journal = {Energy Procedia (Online)},
number = C,
volume = 75,
place = {United States},
year = {Fri Aug 28 00:00:00 EDT 2015},
month = {Fri Aug 28 00:00:00 EDT 2015}
}

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Free Publicly Available Full Text
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Cited by: 19 works
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Works referenced in this record:

Carbon trading in a socialist market economy: Can China make a difference?
journal, March 2013


Emissions trading in China: Progress and prospects
journal, December 2014


The construction of Shenzhen׳s carbon emission trading scheme
journal, December 2014


Advancing the experiment to reality: Perspectives on Shanghai pilot carbon emissions trading scheme
journal, December 2014


Policy design of the Hubei ETS pilot in China
journal, December 2014


California's Cap-and-Trade Programme and Insights for China's Pilot Schemes
journal, April 2014


Works referencing / citing this record:

Carbon emission quota allocation among China’s industrial sectors based on the equity and efficiency principles
journal, May 2016


How Will Policies of China’s CO2 ETS Affect its Carbon Price: Evidence from Chinese Pilot Regions
journal, February 2018

  • Yang, Baochen; Liu, Chuanze; Gou, Zehao
  • Sustainability, Vol. 10, Issue 3
  • DOI: 10.3390/su10030605

China’s Carbon Market Development and Carbon Market Connection: A Literature Review
journal, May 2019


How Will Policies of China’s CO2 ETS Affect its Carbon Price: Evidence from Chinese Pilot Regions
journal, February 2018

  • Yang, Baochen; Liu, Chuanze; Gou, Zehao
  • Sustainability, Vol. 10, Issue 3
  • DOI: 10.3390/su10030605