Review of recent progress of emission trading policy in China
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26210%2F22%3APU144276" target="_blank" >RIV/00216305:26210/22:PU144276 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/abs/pii/S0959652622011015" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S0959652622011015</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jclepro.2022.131480" target="_blank" >10.1016/j.jclepro.2022.131480</a>
Alternative languages
Result language
angličtina
Original language name
Review of recent progress of emission trading policy in China
Original language description
Global warming caused by the excessive combustion of fossil fuels has become the focus of the international community. China's carbon emission reduction policy plays a vital role in international climate change, carbon emission neutrality and domestic environmental pollution control. This paper summarises the progress of China's Emission Trading Scheme (ETS) pilots from 2011 to 2021, including trading volume, carbon emissions price, and the effect of carbon emission abatement. By calculating the carbon emissions intensity decrease rate of China's ETS pilot and non-pilot regions, the ETS and carbon emissions tax are compared in terms of emission reduction effectiveness, emission reduction cost and implementation resistance to provide theoretical support for the Chinese government to select and develop carbon emission reduction tools. The development of the Clean Development Mechanism in China is also compared with China Certified Emission Reduction (CCER), and the offsetting rules of CCER are summarised. After the whole analysis and assessment, the results show that from 2013 to 2018, the average carbon emissions intensity decline rate in the ETS pilots was 7.3% and that in non-pilots was 4.29%. Some problems of China's carbon emissions trading market are also concluded. The trading volume is small (only 43.4 × 106 t in 2020) and is discrepant greatly in the different ETS pilots. The carbon emissions price is low (only 33.45 Yuan/t in 2020), with high volatility and large price differences among the ETS pilots. Based on the existing problems, this paper proposes some suggestions for improving China's emission trading market and provides theoretical and decision-making support for promoting carbon emission reduction and neutralisation for China.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
20704 - Energy and fuels
Result continuities
Project
<a href="/en/project/EF15_003%2F0000456" target="_blank" >EF15_003/0000456: Sustainable Process Integration Laboratory (SPIL)</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Cleaner Production
ISSN
0959-6526
e-ISSN
1879-1786
Volume of the periodical
neuveden
Issue of the periodical within the volume
349
Country of publishing house
US - UNITED STATES
Number of pages
13
Pages from-to
131480-131480
UT code for WoS article
000789639300003
EID of the result in the Scopus database
2-s2.0-85126972739