China’s market-based environmental reforms : from inception to international co-operation and integration

Benny HU, Richard SIMMONS

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

Abstract

This article critically analyses the background to China’s carbon market reforms and assesses the country’s current progress in introducing cap-and-trade systems for carbon credits, participating in the clean development mechanism provided for in the Kyoto Protocol, and promoting a voluntary carbon market. The article explains how China, using a command and control approach it has employed previously in other spheres, has established cap-and-trade emissions markets as pilot schemes in selected parts of the country, and is now quickly moving towards the creation of a national carbon market. The article then considers the potential for China’s carbon market to be linked with other commensurate markets overseas, in particular that of Australia, a development that would help achieve global emission reduction targets at lower overall cost.
Original languageEnglish
Pages (from-to)446-458
Number of pages13
JournalEnvironmental and Planning Law Journal
Volume34
Issue number5
Publication statusPublished - 1 Sep 2017

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international cooperation
reform
China
market
carbon
clean development mechanism
Kyoto Protocol
overseas
credit
costs
cost

Keywords

  • Australian Carbon Markets
  • Cap-and-Trade Systems
  • China's Carbon Markets
  • Clean Development Mechanism
  • Kyoto Protocol

Cite this

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abstract = "This article critically analyses the background to China’s carbon market reforms and assesses the country’s current progress in introducing cap-and-trade systems for carbon credits, participating in the clean development mechanism provided for in the Kyoto Protocol, and promoting a voluntary carbon market. The article explains how China, using a command and control approach it has employed previously in other spheres, has established cap-and-trade emissions markets as pilot schemes in selected parts of the country, and is now quickly moving towards the creation of a national carbon market. The article then considers the potential for China’s carbon market to be linked with other commensurate markets overseas, in particular that of Australia, a development that would help achieve global emission reduction targets at lower overall cost.",
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China’s market-based environmental reforms : from inception to international co-operation and integration. / HU, Benny; SIMMONS, Richard.

In: Environmental and Planning Law Journal, Vol. 34, No. 5, 01.09.2017, p. 446-458.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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AB - This article critically analyses the background to China’s carbon market reforms and assesses the country’s current progress in introducing cap-and-trade systems for carbon credits, participating in the clean development mechanism provided for in the Kyoto Protocol, and promoting a voluntary carbon market. The article explains how China, using a command and control approach it has employed previously in other spheres, has established cap-and-trade emissions markets as pilot schemes in selected parts of the country, and is now quickly moving towards the creation of a national carbon market. The article then considers the potential for China’s carbon market to be linked with other commensurate markets overseas, in particular that of Australia, a development that would help achieve global emission reduction targets at lower overall cost.

KW - Australian Carbon Markets

KW - Cap-and-Trade Systems

KW - China's Carbon Markets

KW - Clean Development Mechanism

KW - Kyoto Protocol

UR - http://sites.thomsonreuters.com.au/journals/2017/08/31/environmental-and-planning-law-journal-update-vol-34-pt-5/

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