Assessment of allowance mechanism China's carbon trading pilots

Journal Article · Fri Aug 28 00:00:00 EDT 2015 · Energy Procedia (Online)

DOI:https://doi.org/10.1016/j.egypro.2015.07.249· OSTI ID:1213694

Xiong, Ling ^[1]; Shen, Bo ^[2]; Qi, Shaozhou ^[3]; Price, Lynn ^[2]

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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)

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.

• Research Organization: Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)
• Sponsoring Organization: USDOE
• Grant/Contract Number: AC02-05CH11231
• OSTI ID: 1213694
• Journal Information: Energy Procedia (Online), Vol. 75, Issue C; ISSN 1876-6102
• Publisher: Elsevier
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
54 ENVIRONMENTAL SCIENCES
cap-and-trade pilot
allowance allocation
carbon trading
China ETS
climate change