气候变化领域集成服务门户(CCPortal): Key challenges for China's carbon emissions trading program

CCPortal

DOI	10.1002/wcc.599
	Key challenges for China's carbon emissions trading program
	Wang P.; Liu L.; Tan X.; Liu Z.
发表日期	2019
ISSN	1757-7780
EISSN	1757-7779
卷号	10 期号:5
英文摘要	China's national carbon emissions trading program is expected to become the world's largest carbon market and is critical for achieving China's domestic mitigation goals. But China's trading program is likely to face significant challenges, due to its large scale and high complexity. First, the accuracy and credibility of China's emissions data have been widely criticized. There are significant inconsistencies between the national and provincial emissions inventories, and the facility-level data are even less satisfying. Institutional capacities related to the carbon market need to be significantly enhanced to strengthen monitoring, reporting, and verifying capabilities. Second, compared to emissions trading programs in other parts of the world, China's program is likely to face greater market volatility, due to the country's economic structural transition from a manufacturing-based to a service-based economy. Wise cap-setting and allowance allocation methods and proper price containment mechanisms are needed to maintain market stability. And third, China is a market economy with many features of a central planning system, particularly in the energy sector. Large state-owned enterprises (SOEs) do not act as profit-maximizing entities, and their behaviors could undermine the efficiency of the cap-and-trade program. To address these challenges, we provide a series of policy recommendations, including capacity building from central to local levels, wise selection of allowance allocation methods to cope with changing economic realities, and deepening market-oriented reforms in energy sectors and SOEs. This article is categorized under: The Carbon Economy and Climate Mitigation > Policies, Instruments, Lifestyles, Behavior. © 2019 Wiley Periodicals, Inc.
英文关键词	carbon market; China; emissions trading; policy design
语种	英语
scopus关键词	Carbon; Emission control; Carbon markets; Central planning system; China; Emissions Trading; Emissions trading program; Institutional capacities; Market oriented reforms; Policy design; Commerce; design; economic structure; emissions trading; environmental economics; policy analysis; policy making; pollution tax; China
来源期刊	Wiley Interdisciplinary Reviews: Climate Change
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/129926
作者单位	Institutes of Science and Development, Chinese Academy of Sciences, Beijing, China; John F. Kennedy School of Government, Harvard University, Cambridge, MA, United States; School of Public Administration, Sichuan University, Chengdu, China; Department of Earth System Science, Tsinghua University, Beijing, China
推荐引用方式 GB/T 7714	Wang P.,Liu L.,Tan X.,et al. Key challenges for China's carbon emissions trading program[J],2019,10(5).
APA	Wang P.,Liu L.,Tan X.,&Liu Z..(2019).Key challenges for China's carbon emissions trading program.Wiley Interdisciplinary Reviews: Climate Change,10(5).
MLA	Wang P.,et al."Key challenges for China's carbon emissions trading program".Wiley Interdisciplinary Reviews: Climate Change 10.5(2019).