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

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.
 [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:
OSTI Identifier:
Grant/Contract Number:
Accepted Manuscript
Journal Name:
Energy Procedia
Additional Journal Information:
Journal Volume: 75; Journal Issue: C; Journal ID: ISSN 1876-6102
Research Org:
Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)
Sponsoring Org:
Country of Publication:
United States
cap-and-trade pilot; allowance allocation; carbon trading; China ETS; climate change